YTL Corp to reward shareholders with treasury shares

by **hlk** Tue 29 May 2012, 17:33

KUALA LUMPUR: YTL Corporation Bhd is rewarding its shareholders with treasury shares and it is selling its warrants in YTL Power International Bhd at a discount of 53%.
YTL Corp
said on Tuesday the basis of the distribution was on the basis of one
treasury share for every 15 YTL Corp shares. The book closure date for
the share dividend is June 18. It also proposed to sell its YTL Power
warrants to YTL Corp shareholders on the basis of one warrant for every
15 YTL Corp shares held, at an offer price of 20 sen per warrant.
It added the offer price was a discount of 53% to the five-day weighted average market price of 43 sen per warrant.
YTL
Corp said the proposed offer for sale would be on a restricted
renounceable basis to the shareholders on an entitlement date to be
determined later.