Kerry Logistics Network Limited (Stock Code: 636) - Distribution in Specie of Shares of Kerry Express (Thailand) Public Company Limited (KEX Shares)
Pursuant to the Company’s announcements dated 29/12/2023 and 27/02/2024, the Company has declared a special interim dividend to the shareholders by way of a distribution in specie of 907,200,000 KEX Shares. KEX Shares are listed on the Thailand Stock Exchange.
Option 1－Qualifying / Non-qualifying Shareholder to receive the Net Proceeds in HKD - Qualifying Shareholder who fails to make a valid election on or before stipulated deadline will be deemed to have elected Share Sale in respect of all KEX Shares to which he/she/it is entitled under the Distribution.
Qualifying Shareholder who elects Share Sale will authorise the Company and/or Kerry Thailand to accept the KEX Offer and tender all of the KEX Shares to which he/she/it is entitled under the Distribution in exchange for the Net Proceeds to be received after the KEX Offer Period closes, and confirm not to hold any KEX Shares at completion of the Distribution. (Default option, if you select this option no reply is required)
Option 2 - KEX Share (conditional upon the submission and approval of Transfer Form andrequisite documentation) - For every 1 shares of Kerry Logistics Network Limited (Stock Code: 636) held, 0.5019 share of (44056.HK) dummy stock code will be assigned. For every 1 share (44056.HK) hold will be transferred to 1 Kerry Express (Thailand) Public Company Limited (KEX Shares). Qualifying Shareholder who elects Shares will authorise the Company and/or the Thai Legal Adviser to complete the transfer of KEX Shares to which he/she/it is entitled, in scripless form, to the Account 600 under his/her/its name with TSD at completion of the Distribution, and confirm not to have his/her/its entitled KEX Shares tendered in the KEX
Offer.
Since the KEX Shares will not be listed on The Stock Exchange of Hong Kong and will not be admitted into CCASS as Eligible Securities, The Qualifying Shareholders who wish to choose Option 2 must complete the following 2 steps:
1. Please fill in the following information and use the registered email address of Futu to send an email to cs@futuhk.com on or before 16:00 on 08/03/2024, Beneficial Owner is only entitled to elect one option in respect of his/her/its full entitlement to KEX Shares under the Distribution. Partial election is not allowed. You can only choose one of them, for the number of shares applied for that is not selected, please fill in "0 shares".
1) Account Number:
2) Name: (In English)
3) Stock code: 636 HK
4) Option: Option 1, Apply Quantity - (Fill in the number of shares for apply)
5) Option: Option 2, Apply Quantity - (Fill in the number of shares for apply)
2. Provide the Transfer Form (TSD-404) and requisite documentation directly to the Registrar on or before 16:30 on 13/03/2024. In the event that (i) any of the requisite documentation is not received by the Registrar by the submission deadline, or contains inaccurate, incorrect, invalid and/or incomplete information, or is otherwise invalid, or (ii) the application for the transfer of KEX Shares to Account 600 has not been approved by TSD, the Beneficial Owner will be deemed to have withdrawn his/her/its election for KEX Shares and instead, to have elected Share Sale. This is to ensure the subsequent transfer of KEX Shares to the Account 600 under such Beneficial Owner’s name by the Thai Legal Adviser of the Company to TSD. If you have any questions about the documents and requirements related to receiving KEX shares, please contact the following registrar/transfer agent.
Tricor Investor Services Limited
Telephone hotline: +852 2980 1333 (9:00 to 17:30 Hong Kong time)
Email: is-enquiries@hk.tricorglobal.com
Deadline for corporate action on 08/03/2024 @16:00 (HONG KONG TIME GMT+8).
Please note:
• The above 1 items must be completed on or before 16:00 on 08/03/2024 to choose option 2, otherwise Option 01 will be taken
• In the event that (i) any of the requisite documentation is not received by the Registrar by the submission deadline, or contains inaccurate, incorrect, invalid and/or incomplete information, or is otherwise invalid, or (ii) the application for the transfer of KEX Shares to Account 600 has not been approved by TSD, the Beneficial Owner will be deemed to have withdrawn his/her/its election for KEX Shares and instead, to have elected Share Sale. This is to ensure the subsequent transfer of KEX Shares to the Account 600 under such Beneficial Owner’s name by the Thai Legal Adviser of the Company to TSD. Even if you have sent an email to cs@futuhk.com to apply, you still cannot receive KEX shares.
• FUTU accepts no liability for any loss arising from the delay on the distribution of the KEX Shares to the Account 600 under Beneficial Owner’s name by the Thai Legal Adviser of the Company to TSD due to the incomplete or incorrect information/ instructions provided by Beneficial Owner
• The ISIN numbers of the KEX Shares are THA078010008 (local) and THA078010016 (foreign). Beneficial Owners who successfully elect KEX Shares will receive (i) in case of non-Thai nationals, foreign KEX Shares and (ii) in case of Thai nationals, local KEX Shares.
• The KEX Shares can only be traded on the Thailand Stock Exchange in scripless form via a securities trading account and not an Account 600. Participants and their underlying clients (i.e. Beneficial Owners) who wish to trade KEX Shares in the future will need to make further arrangements with a SET member broker to have the KEX Shares withdrawn from their Account 600 and transferred to a securities trading account opened with the SET member broker, before they are able to trade such KEX Shares on market.
• The Company has appointed MIB Securities as the designated broker, who is able to facilitate the trading of securities listed on the Thailand Stock Exchange through arrangements with a SET member broker. Qualifying Shareholders may contact MIB Securities for details during their office hours from 9:00 to 17:00 (Hong Kong time) Monday to Friday except on Hong Kong public holidays, as follows:
MIB Securities (Hong Kong) Limited
Contact person: Mr Anson Lui, Sales Manager, Corporate Sales
Email: anson.lui@mib.com.hk
Telephone: +852 2268 0369
The following key dates are appended below for reference:
Subscription deadline | 16:00 on 08/03/2024 (The option 1 will be automatically selected for qualified shareholders who have not completed the application by the deadline) |
Subscription deadline of Provide the Transfer Form (TSD-404) and requisite documentation to the Registrar | 16:30 on 13/03/2024
|
Proposed Distribution Date of Dummy stock (44056.HK) | 26/03/2024 |
Date of receive the Net Proceeds in HKD | 12/04/2024 |