MIKROMB - Notice of Bonus Entitlement

07 July 2017

 BONUS ISSUE OF UP TO 123,714,520 NEW ORDINARY SHARES IN THE COMPANY ("MIKRO SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF TWO (2) BONUS SHARES FOR EVERY FIVE (5) EXISTING MIKRO SHARES HELD BY ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 PM ON 20 JULY 2017.

Kindly be advised of the following :

1) The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 18 Jul 2017
2) The last date of lodgment : 20 Jul 2017
3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
        a) Selling Broker to deduct <2/7>, of Selling Price against the Selling Client
        b) Buying Broker to deduct <28.57%>, of Purchase Price against the Buying Client
        c) Between Broker and Broker, the deduction of <2/7>, of the Transacted Price is applicable.

Remarks 1: "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 20 July 2017 with bonus issue of MIKROMB shares, any shareholder who is entitled to receive MIKROMB bonus issue shares, may sell any or all of his MIKROMB shares arising from the bonus issue beginning the Ex-Date (18 July 2017).

For example, if Mr X purchases 500 MIKROMB shares on cum basis on 17 July 2017, Mr X should receive 500 shares on 20 July 2017. As a result of the bonus issue, a total of 700 MIKROMB shares will be credited into Mr X's CDS account on the night of 20 July 2017 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 700 on or after the Ex-Date ie from 18 July 2017 onwards."

Remarks 2: The Bonus Issue will entail the issuance of up to 123,714,520 Bonus Shares on the basis of two (2) Bonus Shares for every five (5) Mikro Shares held by the entitled shareholders whose names appear in the Record of Depositors ("ROD") of Mikro at 5.00 p.m. on the Entitlement Date ("Entitled Shareholders"). The actual number of Bonus Shares to be issued will depend on the issued share capital of Mikro on the Entitlement Date, taking into account any exercise of options granted under the existing employees share option scheme of the Company ("ESOS"). The Bonus Shares will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 21 July 2017, being one (1) market day after the Entitlement Date. Mikro's Share Registrar is expected to issue and despatch the notices of allotment for the Bonus Shares to the Entitled Shareholders not later than four (4) market days after the date of listing and quotation for the Bonus Shares on Bursa Securities.  

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