NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES TROPICANA CORPORATION BERHAD ("TCB" OR "COMPANY") DIVIDEND REINVESTMENT SCHEME THAT PROVIDES THE SHAREHOLDERS OF TCB THE OPTION TO ELECT TO REINVEST THEIR INTERIM CASH DIVIDEND INTO NEW ORDINARY SHARES IN TCB ("TCB SHARES" OR "SHARES")("DIVIDEND REINVESTMENT SCHEME")

TROPICANA CORPORATION BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description 
TROPICANA CORPORATION BERHAD ("TCB" OR "COMPANY")

DIVIDEND REINVESTMENT SCHEME THAT PROVIDES THE SHAREHOLDERS OF TCB THE OPTION TO ELECT TO REINVEST THEIR INTERIM CASH DIVIDEND INTO NEW ORDINARY SHARES IN TCB ("TCB SHARES" OR "SHARES")("DIVIDEND REINVESTMENT SCHEME")

We refer to the Company’s announcements dated 21 August 2017, 15 and 21 September 2017 in relation to the Dividend Reinvestment Scheme (“Announcements”).

(Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall have the same meaning as those previously defined in the Announcements).

On behalf of the Board, TA Securities Holdings Berhad wishes to announce that the issue price of the new TCB Shares to be issued pursuant to the Dividend Reinvestment Scheme has been fixed today (“Price Fixing Date”) at  RM0.83 per new TCB Share (“Issue Price”).

The Issue Price of the new TCB Share of RM0.83 has been computed after taking into consideration the five (5)-day volume weighted average market price (“VWAMP”) of TCB Shares up to and including 29 September 2017, being the last trading date prior to the Price Fixing Date of RM0.935, after deducting the interim dividend of RM0.02 per TCB Share and after applying a discount of approximately 9.29%.

The entitlement date pursuant to the Dividend Reinvestment Scheme has been fixed on 16 October 2017.

This announcement is dated 2 October 2017.

 



Announcement Info

Company Name TROPICANA CORPORATION BERHAD
Stock Name TROP
Date Announced 02 Oct 2017
Category General Announcement for PLC
Reference Number GA1-02102017-00077