Shares & Derivatives
UMS Holdings : Bonus Share 1 to 4 / How Will It Affect?
By Little Boy  •  March 29, 2014
UMS just announced yesterday that they are proposing to issue out 1 Bonus share for every 4 existing ordinary shares held by shareholders which are subjected to approval.
"The proposed Bonus Shares issue is subject to the in-principal approval of Singapore Exchange Securities Limited (SGX - ST)" - Quoted from the announcement
A quick summary of the important points 1.Based on current issued shares of 343,654,327. Up to 85,938,581 Bonus Shares will be issued out. 2.The Bonus shares will not be issued at any cost and it will rank pari passu with all existing shares. 3."The bonus shares will not be entitled to any dividends, rights, allotments or distributions, the record date of which falls before the date of allotment and issue of such Bonus Shares." (My assumption: Bonus Shares will not be entitled to receive the upcoming dividend of $0.035 dividend) 4. Bonus shares ......
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By Little Boy
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