TMS is going for consolidation at 2 to 1, if you have 1000 share, on 7 August you will have 500 share.
But TMS warrant will not go into consolidation, only mother go into consolidation.
TMS mother now: 6.5 cents
After consolidation on 7 August, share will be 6.5*2 = 0.13
Warrant conversion 0.10 for tms-wa to convert to mother, so TMS-Wa should worth 3 cents at 7 August.
But today is 4 cents.
TMS - Notice of Book Closure
|THE MEDIA SHOPPE BERHAD|
Entitlement date to determine the shareholders of The Media Shoppe Berhad ("TMS" or the "Company") who will be subjected to the consolidation of two (2) ordinary shares in TMS of RM0.05 each into one (1) new ordinary share in TMS of RM0.10 each ("Share Consolidation").
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex-Consolidation” as from: 7 Aug 20152) The last date of lodgment : 11 Aug 2015
Remarks 1) :- Upon the completion of the Share Consolidation, the issued and paid-up share capital of TMS shall be RM43,509,145 comprising 435,091,445 ordinary shares of RM0.10 each ("Consolidated Shares"). The date of listing and quotation for the Consolidated Shares on the ACE Market of Bursa Malaysia Securities Berhad will be on 12 August 2015, being the next market day following the Entitlement Date. The Notice of Allotment will be despatched by 18 August 2015. This announcement is dated 28 July 2015.
Remarks 2) :- Participating Organisations are to take note of the following Share Consolidation exercise by THE MEDIA SHOPPE BERHAD.
The Share Consolidation comprises the following:-
SHARE CONSOLIDATION INVOLVING THE CONSOLIDATION OF EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.05 EACH IN THE MEDIA SHOPPE BERHAD ("TMS") INTO ONE (1) NEW ORDINARY SHARE OF RM0.10 EACH IN TMS ("SHARE CONSOLIDATION")
In relation to the Share Consolidation undertaken by TMS as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:
(a) on or after the Ex-date on 7 August 2015, trading of TMS shares will be based on the newly adjusted share after the Share Consolidation of TMS shares,
(b) on the basis of settlement taking place on or after 11 August 2015 with consolidated TMS shares of RM0.10 each, any entitled shareholder who owns TMS shares as at Ex-date may sell only up to the maximum TMS shares he expects to receive after the Share Consolidation, i.e. the reduced amount, on or after the Ex-date 7 August 2015.
With the adjustments pursuant to the Share Consolidation effected on TMS shareholders’ CDS account at the end of the Entitlement Date (“Books Closure Date”), an entitled TMS shareholder may use the following basis to estimate the maximum number of TMS shares that he may sell from the Ex-date until the Book Closing Date which is from 7 August 2015 until 11 August 2015.
Number of TMS shares that may be sold on = Number of shares held x 0.50 7 August 2015 until 11 August 2015 (All fractional shares computed should be disregarded).
For example, if Mr X owns or purchases 1000 TMS shares (of RM0.05 par value each) on cum basis on 6 August 2015, his CDS account would still show 1000 TMS shares (of RM0.05 par value each)) until 11 August 2015. However, as a result of the above Share Consolidation exercise, Mr X’s 1000 TMS shares of RM0.05 each in his CDS account will be adjusted to 500 TMS shares of RM0.10 each on the night of 11 August 2015 which is the Book Closing Date. Therefore Mr X may, if he so wishes, sells only up to 500 TMS shares of RM0.10 each on or after the Ex-date i.e. from 7 August 2015 onwards.
Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 7 August 2015 until 11 August 2015, they are only entitled to sell the maximum of 50% of the shares owned. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their client’s position.