For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Companys announcement dated 7 April 2014 in relation to the Proposed Par Value Reduction.
We refer to the Companys announcement dated 7 April 2014 and its previous announcements in relation to the Proposed Par Value Reduction.
On behalf of the Board of Directors of Wintoni, KAF Investment Bank Berhad wishes to announce that the High Court of Malaya at Kuala Lumpur had on 22 July 2014 granted an order confirming the Proposed Par Value Reduction pursuant to Section 64 of the Companies Act, 1965 (Court Order). An office copy of the Court Order has been lodged with the Companies Commission of Malaysia on 1 August 2014. Pursuant thereto, the Proposed Par Value Reduction will take effect today and hence, the Proposed Par Value Reduction is deemed completed today.
Shareholders of Wintoni should note that the Proposed Par Value Reduction does not affect the number of the ordinary shares of Wintoni held by them. All the ordinary shares of Wintoni credited in the securities accounts of Wintonis shareholders shall be unaffected save for the reduction in par value of every existing ordinary shares of Wintoni from RM0.10 each to RM0.05 each. The share price of Wintoni will not be adjusted pursuant to the Proposed Par Value Reduction.
This announcement is dated 1 August 2014.