FIRST SUPPLEMENTARY PROSPECTUS

Transcription

1 FIRST SUPPLEMENTARY PROSPECTUS This First Supplementary Prospectus is dated 16 April 2012, and expires on 16 September 2012, and must be read together with the Principal Prospectus dated 17 September 2011, for: Date of Constitution AMB Value Trust Fund 4 December 2002 Manager AMANAH MUTUAL BERHAD ( U) A company incorporated with limited liability in Malaysia under the Companies Act, 1965, and wholly-owned by AMANAH SAHAM NASIONAL BERHAD (47457-V) Trustee HSBC (Malaysia) Trustee Berhad ( T) A copy of this First Supplementary Prospectus and the Principal Prospectus dated 17 September 2011, have been registered and lodged with the Securities Commission Malaysia, who takes no responsibility for their content. Registration shall not be an indication that the Securities Commission Malaysia recommends these units. INVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THIS FISRT SUPPLEMENTARY PROSPECTUS WHICH IS TO BE READ TOGETHER WITH THE PRINCIPAL PROSPECTUS DATED 17 SEPTEMBER IF IN DOUBT, PLEASE CONSULT A PROFESSIONAL ADVISER. FOR INFORMATION CONCERNING CERTAIN RISK FACTORS WHICH SHOULD BE CONSIDERED BY PROSPECTIVE INVESTORS, SEE RISK FACTORS COMMENCING ON PAGE 17 OF THE PRINCIPAL PROSPECTUS.

2 RESPONSIBILITY STATEMENT This First Supplementary Prospectus has been reviewed and approved by the Directors of Amanah Mutual Berhad and they collectively and individually accept full responsibility for the accuracy of the information. Having made all reasonable inquiries, they confirm to the best of their knowledge and belief, there are no false or misleading statements, or omission of other facts which would make any statement in this First Supplementary Prospectus false or misleading. STATEMENTS OF DISCLAIMER The Securities Commission Malaysia has approved the issue of, offer for subscription or purchase, or issue an invitation to subscribe for or purchase units of the unit trust fund and a copy of this First Supplementary Prospectus has been registered with the Securities Commission Malaysia. The approval, and registration of this First Supplementary Prospectus, should not be taken to indicate that the Securities Commission Malaysia recommends the Fund or assumes responsibility for the correctness of any statement made or opinion or report expressed in this First Supplementary Prospectus and the Principal Prospectus. The Securities Commission Malaysia is not liable for any non-disclosure on the part of the management company responsible for the Fund and takes no responsibility for the contents of this First Supplementary Prospectus. The Securities Commission Malaysia makes no representation on the accuracy or completeness of this First Supplementary Prospectus and expressly disclaims any liability whatsoever arising from, or in reliance upon the whole or any part of the contents of this First Supplementary Prospectus. INVESTORS SHOULD RELY ON THEIR OWN EVALUATION TO ASSESS THE MERITS AND RISKS OF THE INVESTMENT. IN CONSIDERING THE INVESTMENT, INVESTORS WHO ARE IN DOUBT ON THE ACTION TO BE TAKEN SHOULD CONSULT PROFESSIONAL ADVISERS IMMEDIATELY. No units will be issued or sold based on this First Supplementary Prospectus later than one (1) year after the date of the Principal Prospectus. Investors are advised to note that recourse for false or misleading statements or acts made in connection with the Principal Prospectus and the First Supplementary Prospectus, is directly available through sections 248, 249 and 357 of the Capital Markets and Services Act i

3 First Supplementary Prospectus 1. Definitions Used in the Principal Prospectus to be Applicable The expressions and abbreviations used in this First Supplementary Prospectus have unless repugnant to the context or otherwise provided herein, the same meaning as in the Principal Prospectus. Principal Prospectus : The Prospectus dated 17 September 2011, and expiring on 16 September 2012, registered with the Securities Commission Malaysia in respect of the Fund. First Supplementary Prospectus : This First Supplementary Prospectus dated 16 April 2012, and expiring on 16 September 2012, which is to be read together with the Principal Prospectus. 2. Amendment to Section 1.5 on page 15 under Deed Section 1.5 on page 15 of the Principal Prospectus pertaining to Deed be deleted in its entirety and be replaced with the following: Unit Holders may refer to the Master Deed of the Fund dated 4 December 2002 and the First Supplemental Master Deed dated 12 March 2012 for more specific information on the Fund, which is available at the principal office of the Manager. 3. Amendment to Section 11.4 on page 55 under Profile of the Key Management Staff of the Manager Section 11.4 on page 55 of the Principal Prospectus under Profile of the Key Management Staff of the Manager pertaining to Encik Md. Kudus bin Abdul Manaf, Head of Operations Department be deleted in its entirety and be replaced with the following: Encik Sudin bin Samad Head of Operations Department Encik Sudin bin Samad is the Head, Operations Department. He joined AMB on 1 November He has more than 30 years of working experience in PNB and ASNB in various departments such as Financial and Management Audit Department, Information Technology Department and Unit Trust Operation Department. He holds a Diploma in Accountancy from Universiti Teknologi MARA (UiTM). He is responsible for the overall operations and administration of AMB. INVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THIS FIRST SUPPLEMENTARY PROSPECTUS WHICH IS TO BE READ TOGETHER WITH THE PRINCIPAL PROSPECTUS DATED 17 SEPTEMBER 2011, WHICH ARE ANNEXED, AND THE DEED (AVAILABLE UPON REQUEST). 1

4 First Supplementary Prospectus 4. Amendment to Section 13 under Salient Terms of the Deeds in relation to Item 7 on UNIT HOLDERS MEETING on page 70 Section 13 under Salient Terms of the Deeds in relation to Item 7 on UNIT HOLDERS MEETING on page 70 of the Principal Prospectus be deleted in its entirety and be replaced with the following: 7. UNIT HOLDERS MEETING The Unit Holders may apply to the Manager to summon a meeting for any purpose. Unless otherwise required by law, the Manager shall, not later than twenty one (21) days of receiving an application from not less than fifty (50) or one tenth (1/10) in number, whichever is the lesser, of all Unit Holders, convene a meeting of the Unit Holders. The Trustee and the Manager may convene a Unit Holders meeting in accordance with the Deed for any purpose. The quorum for a meeting shall be five (5) Unit Holders, present in person or by proxy, provided always that the quorum for a meeting of the Unit Holders convened for the purpose of: (a) (b) voting on a Special Resolution, shall be five (5) Unit Holders, whether present in person or by proxy, who must hold in aggregate at least twenty five per centum (25%) of the Units in circulation at the time of the meeting; and removing the Manager and/or the Trustee, shall be ten (10) Unit Holders, whether present in person or by proxy, who must hold in aggregate at least fifty per centum (50%) of the Units in circulation at the time of the meeting. If the Fund has five (5) or less Unit Holders, the quorum required for a meeting of the Unit Holders shall be two (2) Unit Holders, whether present in person or by proxy provided that if the meeting has been convened for the purpose of: (a) (b) voting on a Special Resolution, the Unit Holders present in person or by proxy must hold in aggregate at least twenty five per centum (25%) of the Units in circulation at the time of the meeting; and removing the Manager and/or the Trustee, the Unit Holders present in person or by proxy must hold in aggregate at least fifty per centum (50%) of the Units in circulation at the time of the meeting. Unless otherwise prescribed by law, a Unit Holders meeting summoned pursuant to the Deed shall be held not later than 2 months after the notice was given, at the time and place stipulated in the notice and advertisement. INVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THIS FIRST SUPPLEMENTARY PROSPECTUS WHICH IS TO BE READ TOGETHER WITH THE PRINCIPAL PROSPECTUS DATED 17 SEPTEMBER 2011, WHICH ARE ANNEXED, AND THE DEED (AVAILABLE UPON REQUEST). 2

5 First Supplementary Prospectus 5. Principal Prospectus Remains in Full Force Subject to Amendment Subject only to the variations herein contained and such other alterations as may be necessary to make the Principal Prospectus consistent with this First Supplementary Prospectus, the Principal Prospectus shall remain in full force and effect and shall be read and construed and be enforceable as if the terms of this First Supplementary Prospectus were inserted therein by way of addition or substitution as the case may be. 6. Consent The Trustee has given and has not subsequently withdrawn their consent for the issue of this First Supplementary Prospectus. 7. Directors Declaration This First Supplementary Prospectus of AMB Value Trust Fund dated 16 April 2012 has been reviewed and approved by us, being the Directors of Amanah Mutual Berhad, and we collectively and individually accept full responsibility for the accuracy of the information. Having made all reasonable inquiries, we confirm to the best of our knowledge and belief, there are no false or misleading statements, or omission of other facts which would make any statement in this First Supplementary Prospectus of AMB Value Trust Fund dated 16 April 2012 false or misleading. (The remainder of this page is intentionally left blank) INVESTORS ARE ADVISED TO READ AND UNDERSTAND THE CONTENTS OF THIS FIRST SUPPLEMENTARY PROSPECTUS WHICH IS TO BE READ TOGETHER WITH THE PRINCIPAL PROSPECTUS DATED 17 SEPTEMBER 2011, WHICH ARE ANNEXED, AND THE DEED (AVAILABLE UPON REQUEST). 3

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10 PRE-INVESTMENT FORM Do You Know? ATTENTION UNIT TRUST INVESTORS IMPORTANT! Your Unit Trust Consultant (UTC) is required to explain all of the following to you Signing this form does not preclude you from taking action against relevant party/parties under any circumstances. 1) You can buy unit trusts either through a Unit Trust Consultant (UTC), Institutional Unit Trust Advisers (IUTA), Corporate Unit Trust Advisers (CUTA) or directly from Unit Trust Management Company (UTMC) or online, but each has different sales charge and level of service. Choose the one that best suits your needs. 2) If you redeem your units in a unit trust fund and then purchase units in another, you will probably have to pay a sales charge. However, if you switch from one fund to another managed by the same UTMC, it is likely that you may not have to pay any sales charge. Ask about switching before you redeem. 3) Different types of unit trust funds carry different levels of risk. Some are higher in risk than others. Ask about the risks before investing in a fund. Make sure you know what your fund is investing in. 4) If you are a first time investor in a UTMC, you may be eligible for cooling-off rights, whereby you can change your mind within six (6) business days after investing and withdraw your unit trust investment. Ask about your eligibility for cooling-off. Yes( )/ No(X) 5) Your UTC may represent a company that uses a nominee system and your rights as a unit holder may be limited if you invest in unit trust funds through it. If his or her company uses a nominee system, ask if your rights as a unit holder will be limited in any way. You Should Also Know a) Only registered UTCs are allowed to sell unit trust funds. Your UTC should show you a valid authorisation card confirming that he/she is registered with the Federation of Investment Managers Malaysia (FIMM). b) A unit trust fund may only be offered to the public if it is approved by the Securities Commission Malaysia (SC). Go to for a list of unit trust funds currently available in the market or call for assistance. c) When you buy into a unit trust fund, you should be given the latest copy of prospectus for free. Read the prospectus carefully; understand its contents before investing. d) You may have to pay direct and indirect fees and possibly other charges too. Ask about applicable fees. e) If you have concerns or complaints about any unit trust fund, you can contact FIMM at ( or the Investor Affairs & Complaints Department of the SC at f) You should not make payment in cash to the UTC or issue a cheque in the name of UTC. Investor s Confirmation I/We confirm that the UTC has explained all the points overleaf to me/us. 1) Applicant Signature : Name : NRIC/Identification Number/Passport No.: Date : 2) Joint Applicant (If applicable) Signature : Name : NRIC/Identification Number/Passport No.: Date : Unit Trust Consultant s Declaration I declare that I have explained the points overleaf and the investor(s) understand(s) them. Signature : Name : NRIC/Identification Number/Passport No.: Registered as UTC of UTMC/IUTA/CUTA^: ^Delete where not applicable. Note: This form is required for investments in a new fund by INDIVIDUAL investors (excluding additional investment/top ups), including switching-in to new funds after 15 th February 2010.