Conversion Request (Two Types; Conversion near to maturity & Early Conversion)

Conversion to Ordinary Shares (Conversion near to maturity/expiry date of securities)
Mode of Request to Rakuten Trade

1. Client to subscribe the corporate actions at Rakuten Trade platform for conversion with the condition that Warrant Shares, Preference Shares, and Loan Stock must be ready and available in Rakuten Trade CDS Account.

2. Hereby confirm that after the submission of this Notice of Conversion to the Company, I/We (shareholder) shall not dispose, transfer, charge or in any way deal with the ICPS intended for the conversion rights herein, until the conversion is completed by the debiting of the ICPS from my/our (shareholder) CDS Account or the conversion is rejected by the Company, whichever shall be applicable.

Processing Time

1.For conversion request near to maturity/expiry date of securities, Rakuten Trade will send out applications to registrar Two (2) Market Days before registrar closing date.

2. The Registrar shall within Eight (8) Market Days (or such other period as may be prescribed by Bursa Securities) to credit the New Shares to client’s CDS account.

Deadline to submit application

1. Application must be submitted BEFORE the Rakuten Trade’s Deadline.

2. Deadline is stated in both email notification and “Corporate Action Subscription” page at member’s web site.

How to apply

1. Client to subscribe the corporate actions at Rakuten Trade platform

2. Rakuten Trade will send an email notification to require client to act/subscribe such conversion request at “Corporate Action Subscription” page at member’s web site.

3. Client to act/subscribe at member's page website
Things to note

1. Rakuten Trade’s Deadline for a conversion request is stated in both email notification and “Corporate Action Subscription” page at member’s website. The Registrar Deadline can be found in Corporate Announcement on Bursa Malaysia’s website at www.bursamalaysia.com

2. Rakuten Trade will dispatch to registrar latest at Two (2) Market Days before registrar closing date.

3. Rakuten Trade shall not be responsible for any claims/losses incurred if the client:

- Fails to notify give instructions to Rakuten Trade

- Or fails to confirmed on correct quantity/amount submitted to Rakuten Trade

- Or fails to submit before Rakuten Trade Deadline.

- The subcription page is only available for one time submission only.

- All manual request is subjected to management approval and client shall follow the timeline given for the exceptional handling. A flat handling fee of RM20 for each request of manual subscription/handling of corporate action.

3.a. Your submitted corporate action application via Rakuten Trade online portal shall be deemed as finalized instruction by you to Rakuten Trade. Amendment after submission of corporate action is prohibited.

4. The maturity date of the securities and its settlement mode as stated in the corporate announcement.

5. It takes about 8 to 14 Market Days (or such other period as may be prescribed by Bursa Securities) for registrar to process the request subject to company announcement

 

Conversion to Ordinary Shares (Early Conversion)
Mode of Request to Rakuten Trade

1. Client to give manual written instructions to notify Rakuten Trade for conversion request with the condition that Warrant Shares, Preference Shares, and Loan Stock must be ready and available in Rakuten Trade CDS Account.

2. Hereby confirm that after the submission of this Notice of Conversion to the Company, I/We (shareholder) shall not dispose, transfer, charge or in any way deal with the ICPS intended for the conversion rights herein, until the conversion is completed by the debiting of the ICPS from my/our (shareholder) CDS Account or the conversion is rejected by the Company, whichever shall be applicable.

Processing Time

1. Cutoff time for early conversion request is 3PM. Any request thereafter will be processed next Market Day.

2. Conversion request will only be initiated One (1) Market Day after Rakuten Trade’s Deadline upon successful submission of the application.

3. Conversion request will take Fourteen (14) Market Days or more (subject to share registrar processing time, as it involved 3rd party) for it to be reflected in client’s CDS Account.

Deadline to submit application

1. Application must be submitted BEFORE the Rakuten Trade’s Deadline.

2. Deadline is stated in both email notification and “Corporate Action Subscription” page at member’s web site.

How to apply

1. Client to give manual written instruction to notify Rakuten Trade

2. Rakuten Trade will send an email notification to require client to act/subscribe such conversion request at “Corporate Action Subscription” page at member’s web site.

3. Client to act/subscribe at member's page website

Things to note

1. Rakuten Trade’s Deadline for a conversion request is stated in both email notification and “Corporate Action Subscription” page at member’s website. The Registrar Deadline can be found in Corporate Announcement on Bursa Malaysia’s website at www.bursamalaysia.com

2. Rakuten Trade requires at least Fourteen (14) Market Days (subject to share registrar processing time, as it involved 3rdparty) to process application and send to registrar before registrar’s deadline

3. Rakuten Trade shall not be responsible for any claims/losses incurred if the client:

- Fails to notify/ give instructions to Rakuten Trade

- Or fails to confirmed on correct quantity/amount submitted to Rakuten Trade

- Or fails to submit the instruction before Rakuten Trade’s Deadline.

- The subcription page is only available for one time submission only.

- All manual request is subjected to management approval and client shall follow the timeline given for the exceptional handling. A flat handling fee of RM20 for each request of manual subscription/handling of corporate action.

3.a. Your submitted corporate action application via Rakuten Trade online portal shall be deemed as finalized instruction by you to Rakuten Trade. Amendment after submission of corporate action is prohibited.

4. The maturity date of the securities and its settlement mode as stated in the corporate announcement.

5. It takes about 8 to 14 Market Days for registrar to process the request subject to company announcement

If the structured warrant expired in the money, advise on final settlement will be available in announcement at Bursa website. After our custodian received such payments it will take another 3-5 trading days to credit into your trading account. You may view the status at “My Account”, “Transaction History”, and “Cash” section.

It depends on the company announcement on the level of acceptances of the Offer and settlement advise in the Offer Documents. After our custodian received such payments it will take another 3-5 trading days to credit into your trading account. You may view the status at “My Account”, “Transaction History”, and “Cash” section.

A Corporate Action is an activity initiated by a company, which affects the nature and/or quantity of stocks that you hold in the company.  Some actions may require a response from you while others may not. It is important that you understand how a particular Corporate Action may affect your holding(s).

There are numerous types of Corporate Actions. The main ones include:

·         Dividends

·         Takeovers

·         Rights Issues

·         Bonus Issues

·         Conversion

·         Warrants

·         AGM/EGM Meeting

Click here to find out more about Corporate Action.

 
No.General Date as stipulated by Bursa MalaysiaDescription

1

Announcement date

Date a Corporate Announcement is made on Bursa Malaysia

2

Listing date

Listing date of the new securities

3

Maturity date

Maturity date of the securities

4

Date payable/payment date

Date the stock dividends is scheduled to be paid as a result of the Corporate Action

5

Ex-date

The date when the stock reflects the adjusted price after it has undergone certain corporate actions. To receive the necessary entitlements in line with a corporate action, you must purchase the stock before the ex-date to be entitled to dividends, bonus shares or rights attached to the share.

6

Date for commencement of trading of rights

Date a shareholder has the right to start trading a particular share.

7

Date for cessation of trading of rights

Date a shareholder has to stop trading a particular share

8

Last date and time for acceptance and payment

Last date and time for a registrar to acknowledge / accept the corporate action application and accompanying payment

9

Last date and time for excess share application and payment

Last date and time for a registrar to acknowledge / accept the excess share application and accompanying payment

 

No.Dates in Corporate Acton Subscription at RTDescription

1

Announcement Date

Date a Corporate Announcement is made on Bursa Malaysia

2

Last Submission Date

Rakuten Trade Deadline or date for a client must act on a Corporate Action

No. Rakuten Trade will handle the processing of corporate actions once we receive the instruction(s) and payment from you.

Rakuten Trade's Deadline is always ahead of Registar's deadline. It is a bit longer compared to direct accounts as it includes not only our processing time but also the time taken by the registrar to process your application.

The new shares/cash offered will be credited into your account once we have received instruction from the registrar as defined in the offer letter.

Once the deadline for Rakuten Trade has passed, Rakuten Trade is unable to process the related Corporate Action Activity on behalf of you.

Yes, if you are the shareholder of the company. To attend AGM/EGM, please ensure the shares are sighted in your CDS account beforehand. Then, email your request to our Customer Service at least 10 working days before the AGM/EGM date. Cutoff time for AGM/EGM request is 3PM. Any request thereafter will be processed next Market Day. Please contact us at customerservice@rakutentrade.my for more information.

No request of proxy form will be entertained thereafter. 

If there’s any amendments to the existing meeting resolutions and/or changes in the ROD (Record of Depositors) date, then a fresh submission is required.

 No as your account with Rakuten Trade is a Nominees Account.

Shareholders can only utilize available cash balance in RakuMargin Account to act/subscribe for corporate action. Payment for this subscription of corporate action is subjected to the approval of Kenanga Investment Bank Berhad to ensure the margin ratio does not go below 180% (Required Maintenance Ratio)

You may go to the company website or Bursa website to download the annual report.

 

Category

Type

Handling Fee

Mandatory

- Dividend

- Capital Distribution

- General Offer

- Bonus Issue

- Stock Split

RM 0

Voluntary

- Rights Issue

- Loan Stock Conversion

- Warrant Conversion

- Take Over Offer

RM 30

Mandatory with Option

- Dividend Reinvestment Plan (DRP)

RM 30

 

Others

- Execution of Proxy (AGM/EGM)

RM 30 (Applicable only when Courier Service is required) 

RM 0 for requests above 100 units shareholding and RM 20 for each proxy form for shareholding below 100 units 

Share Transfer out

RM 10.00 (per counter) 

Share Transfer in

RM 0

Notes:

1. All manual request is subjected to management approval and client shall follow the timeline given for the exceptional handling. A flat handling fee of RM 20 for each request of manual subscription/handling of a corporate action. 

2. Proxy request (AGM/EGM) which required Courier Service will be charged RM 30. The charges will be debited from your account during the 1st week of the following month.

3. RM 30 is applicable for any type of corporate action requiring subscription.

Corporate Actions will be handled by Rakuten Trade based on your instruction (via online subscriptions or email). 

Rakuten Trade's deadline area always ahead of the Registar's deadline a it will take a bit longer compared to direct accounts as it includes not only our processing time but also the time taken by the registrar to process your application.

To opt in please do so via online via My Account > Corporate Action Subscription or by emailing us at customerservice@rakutentrade.my

Please note that RT accounts are unable to apply for an IPO and you will not receive annual reports/ dividend vouchers directly from the Registrar. You will need to request manually from us via email. 

As the bonus issue is like dividend, no action is required from you. 

It refers to a Rights conversion, a corporate action subscription. To opt in please do so via online via My Account > Corporate Action Subscription or by emailing us at customerservice@rakutentrade.my

Mode of Request to Rakuten Trade
Dividend Reinvestment Plan/Rights subscription/Take Over Offer will be available at “Corporate Action Subscription” page at member’s web site.
Deadline to submit application

1. Application must be submitted BEFORE the Rakuten Trade’s Deadline to ensure Rakuten Trade has sufficient processing time.

2. Deadline is stated in both email notification and “Corporate Action Subscription” page at member’s web site.

How to apply

1. Rakuten Trade will send an email notification to require client to act/subscribe such Dividend Reinvestment Plan or Rights Subscription or Take Over Offer request at “Corporate Action Subscription” page at member’s web site.

2. Client to act/subscribe at member's page website

Things to note

1. Rakuten Trade’s Deadline for a Dividend Reinvestment Plan or Rights Subscription or Take Over Offer request is stated in both email notification and “Corporate Action Subscription” page at member’s website. The Registrar Deadline can be found in Corporate Announcement on Bursa Malaysia’s website at www.bursamalaysia.com

2. Application must be submitted BEFORE the Rakuten Trade’s Deadline to ensure Rakuten Trade has sufficient processing time.

3. Rakuten Trade shall not be responsible for any claims/losses incurred if the client:

- Fails to notify or give instructions to Rakuten Trade

- Or fails to confirmed on correct quantity/amount submitted to Rakuten Trade

-Or fails to submit application before Rakuten Trade Deadline

- The subcription page is only available for one time submission only

- All manual request is subjected to management approval and client shall follow the timeline given for the exceptional handling. A flat handling fee of RM20 for each request of manual subscription/handling of corporate action

3.a. Your submitted corporate action application via Rakuten Trade online portal shall be deemed as finalized instruction by you to Rakuten Trade. Amendment after submission of corporate action is prohibited.

4. [IMPORTANT] RakuMargin member is not allowed to apply Rights Issue Excess Application

5. [IMPORTANT] Rakuten Trade will only process based on entitlement basis for RakuMargin client. Rakuten Trade will not process right issue subscription which resulted from the rights shares bought from the market at RakuMargin account.

The bonus share will be credited into your trading account before market opens on the listing date stated on Bursa Malaysia.

Generally, our financier Kenanga Investment Bank Berhad does not take in the request to process the corporate action for Non-Marginable stock. Therefore, it is not advisable to do so.

Reminder:
Rakuten Trade shall not be responsible for any claims/losses incurred if the client:
-Fails to notify or give instructions to Rakuten Trade
-Or fails to submit application before Rakuten Trade Deadline

No cancellation is allowed for RakuMargin. We shall not be responsible for any losses arising from your decision made for the corporate action subscription. We shall deem that your Corporate Action subscription is final and no claim will be entertained thereafter.

Kindly note that our system will auto adjust your average price / average acquisition price after the bonus issue. The bonus shares will be credited with zero cost. In general, bonus issue will increase your quantity in hand, your average price / average acquisition price will decrease