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Subject to the approval of the shareholders of the Company at an Extraordinary
General Meeting (“EGM”) to be convened, the total estimated gross dividend
distributable to the entitled shareholders of the Company will be up to
RM462,206,645, being the Company’s latest audited retained earnings as at 31
December 2010. The proposed entitlement date shall be 21 July 2011 (“Proposed
Entitlement Date”). For illustrative purposes only, we have set out below the
maximum and minimum gross dividend payout per ordinary share of RM1.00 each in
JAB (“JAB Share(s)” or “Share(s)”).
The maximum gross dividend payout of RM2.52 per Share (net dividend per
Share: RM2.4225) has been determined based on the Company’s distributable
retained earnings of RM462,206,645 divided by the issued and paid-up capital of JAB
as at 22 April 2011 of 182,859,646 Shares, rounded down to the nearest whole sen.
The minimum gross dividend payout of RM1.87 per Share (net dividend per
Share: RM1.7975) has been determined based on the Company’s distributable
retained earnings of RM462,206,645 divided by the enlarged issued and paid-up
capital of JAB of 247,060,207, assuming all the Company’s 64,200,561 outstanding
warrants 2007/2012 (“Warrants”) as at 22 April 2011 have been exercised, rounded
down to the nearest whole sen
More:JAB_Proposed Variation and Proposed Dividend Distribution Full Details.pdf
Aiya only see special dividen, didn't notice have capital repayment: Please refer below:
Jerneh at Bursa, Jerneh is going to distribute:1. Dividend of RM2.52 or RM1.87(minimum) AND2. Capital Repayment of RM1.36 or RM1.41(minimum).Adding up both the distribution above, Jerneh is estimated to pay- RM 3.88 (maximum) or- RM 3.28 (minimum)The price today is selling at RM3.20.If the reverse-takeover plan by Jerneh and Sagajuta Sdn Bhd is done in the next 2 months, we can expect the new listing of Jerneh to be at RM1.00. This is purely my estimation, though.Because of the scenario above, Jerneh may worth RM3.28 + RM1.00 = RM4.28 (at least). This scenario is a guarantee win.In case the reverse-takeover fail, Jerneh will carry out a full capital distribution to shareholders and subsequently, wind up the Company. This may be an even better scenario for the shareholders. Since Jerneh can pay up to RM3.88 for distribution, Jerneh must have a lot more cash and asset at the back.How much does Jerneh worth if it wind up the company today? Definitely much more than RM3.88.Regardless of any scenario above, it seems to me that if you buy now, it is a guarantee win in the next 2 months.I am rather upset by Btimes report (http://www.btimes.com.my/Current_News/BTIMES/articles/pja/Article/index_html) regarding this announcement because it only report the special dividend, and did not mention anything about the capital repayment.
