SSB8

0.195

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Share Consolidation

Amended Announcements
Please refer to the earlier announcement reference number: ENT-27092022-00003

G NEPTUNE BERHAD

Entitlement subject Share Consolidation
Entitlement description
CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN G NEPTUNE BERHAD ("GNB" OR THE "COMPANY") ("GNB SHARES" OR "SHARES") HELD AT 5.00 P.M ON 13 OCTOBER 2022 INTO 1 GNB SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
Ex-Date 12 Oct 2022
Entitlement date 13 Oct 2022
Entitlement time 5:00 PM
Financial Year End 30 Jun 2023
Share transfer book & register of members will be  to  closed from (both dates inclusive) for the purpose of determining the entitlement
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 13 Oct 2022
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units)
(If applicable)
Entitlement indicator Ratio
Par Value (if applicable)

Entitlement Details

Company Name Ratio
(New : Existing)
Available/Listing Date Fractional Entitlement
G NEPTUNE BERHAD 1.0000 : 10.0000 Round Down / Fraction Disregard

Registrar or Service Provider name, address, telephone no MEGA CORPORATE SERVICES SDN BHD
Level 15-2, Bangunan Faber Imperial Court
Jalan Sultan Ismail

50250 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0326924271
Fax:0327325388


Remarks :
Reference is made to the announcement dated 28 September 2022 in relation to the notice of book closure for the Share Consolidation.

The Share Consolidation involves the consolidation of every 10 existing GNB Shares into 1 Consolidated Share as at 5.00 p.m. on 13 October 2022, being the entitlement date for the Share Consolidation ("Entitlement Date"). 

Fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and/or dealt with by the Board of Directors of the Company in such manner at its absolute discretion as it may deem fit and in the best interest of the Company. 

The Consolidated Shares are expected to be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 20 October 2022. The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders within 4 market days after the Entitlement Date. 

For clarity, the trading in GNB Shares has been suspended with effect from 14 December 2020 and will continue to be suspended until the completion of the regularisation plan.

This announcement is dated 29 September 2022.


Announcement Info

Company Name G NEPTUNE BERHAD
Stock Name GNB
Date Announced 29 Sep 2022
Category Entitlement(Notice of Book Closure)
Reference Number ENT-29092022-00010
Corporate Action ID MY220927SPLR0001