MAS shares' to be suspended from Dec 15

PETALING JAYA: Malaysia Airline System Bhd's (MAS) shares will be suspended effective 9am on Dec 15, 2014 to execute its selective capital reduction and repayment exercise, three days before its entitlement date.
In a stock exchange filing yesterday, MAS said under the SCR, the shareholders of MAS other than Khazanah Nasional Bhd whose names appear on its record of depositors as at 5pm on Dec 19 will be entitled to receive 27 sen cash for every MAS share held. This will be paid within 10 days from the entitlement date.
The EX-date for MAS' shares is on Dec 17, 2014.
The SCR will enable all the entitled shareholders to receive a total repayment amount of RM1.38 billion which represents a cash amount of 27 sen for each 10 sen shares in MAS.
MAS said the last trading for its shares is on Dec 12, 2014.
"The trading of MAS shares will continue to be suspended until completion of the SCR and the subsequent delisting of MAS from the Official List of Bursa Securities," it said.