REPL::Share Consolidation::Mandatory
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REPL::Share Consolidation::Mandatory
Issuer & Securities
Issuer/ Manager THAKRAL CORPORATION LTD
Security THAKRAL CORPORATION LTD - SG1C19013145 - T04
Announcement Details
Announcement Title Share Consolidation
Date & Time of Broadcast 08-May-2015 19:00:26
Status Replacement Corporate Action Reference SG150408SPLRT5MK Submitted By (Co./ Ind. Name) Anil Daryanani Designation Chief Financial Officer
Event Narrative
Narrative Type Narrative Text
Additional Text Buyback of Fractional Shares. Please refer to attachment.
Event Dates
Record Date and Time 08/05/2015 17:00:00
Ex Date 06/05/2015
Disbursement Details
Existing Security Details
Security Debit Date 11/05/2015
Last Trading Date 05/05/2015
New Security Details
New Security ISIN SG1AJ2000005
New Security Name THAKRAL CORPORATION LTD
Security not found No
Fractional Disposition Method Round down fraction to last full unit
Security Credit Date 11/05/2015
Distribution Ratio (New: Old) 1:20
Attachments
ThakralCorp_Annmt_ShareConso_FractionalBuyback_20150508.pdf
Total size =11K
Related Announcements
05/05/2015 17:31:03
29/04/2015 18:30:49
08/04/2015 18:31:13
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THAKRAL CORPORATION LTD
(Incorporated in the Republic of Singapore on 7 October 1993) (Company Registration No. 199306606E)
ANNOUNCEMENT
PROPOSED CONSOLIDATION OF EVERY TWENTY (20) EXISTING ISSUED ORDINARY SHARES IN THE CAPITAL OF THE COMPANY HELD BY SHAREHOLDERS OF THE COMPANY AS AT A BOOKS CLOSURE DATE TO BE DETERMINED, INTO ONE (1) ORDINARY SHARE IN THE CAPITAL OF THE COMPANY, FRACTIONAL ENTITLEMENTS TO BE DISREGARDED - BUYBACK OF FRACTIONAL SHARESUnless otherwise defined, all capitalised terms used herein shall bear the same meanings as ascribed to them in the Circular.
1. INTRODUCTION
The Board of Directors (the "Board") of Thakral Corporation Ltd (the "Company") refers to: (a) its announcements dated 1 April 2015, 8 April 2015, 29 April 2015 and 5 May 2015; and (b) the circular to Shareholders dated 14 April 2015 (the "Circular"), in relation to the Proposed Share Consolidation.
2. BUYBACK OF FRACTIONAL SHARES
In view of the last traded price per Existing Share as at the date of cessation of trading of the Existing Shares on 5 May 2015, the maximum cash entitlement arising from the repurchase of the fraction of a Consolidated Share (a "fractional share") would be S$0.02. Accordingly, the Company has decided not to proceed with the repurchase of the fractional shares and such fractional shares shall be disregarded for the purposes of the Proposed Share Consolidation.
On behalf of the Board
Natarajan Subramaniam
Independent Non-Executive Chairman
Singapore, 8 May 2015
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