PASUKGB - Notice of Book Closure

CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PASUKHAS GROUP BERHAD ("PASUKHAS" OR THE "COMPANY") ("PASUKHAS SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 18 APRIL 2023 INTO 1 PASUKHAS SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Consolidation” as from: 17 Apr 2023
2)  The last date of lodgment : 18 Apr 2023
 

Remarks 1:

Participating Organisations are to take note of the following Share Consolidation exercise by PASUKHAS GROUP BERHAD.

The Share Consolidation comprises the following :-

CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PASUKHAS GROUP BERHAD ("PASUKHAS" OR THE "COMPANY") ("PASUKHAS SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 18 APRIL 2023 INTO 1 PASUKHAS SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")

In relation to the Share Consolidation undertaken by PASUKGB as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:

(a) on or after the Ex-date on 17 April 2023, trading of PASUKGB shares will be based on the newly adjusted shares after the Share Consolidation of PASUKGB shares,

(b) on the basis of settlement taking place after 18 April 2023 with consolidated PASUKGB shares, any entitled shareholder who owns PASUKGB shares as at Ex-date may sell only up to the maximum PASUKGB shares he expects to receive after the Share Consolidation, i.e. the reduced amount, on or after the Ex-date 17 April 2023.

With the adjustments pursuant to the Share Consolidation effected on PASUKGB shareholders’ CDS account at the end of the Entitlement Date (“Books Closure Date”), an entitled PASUKGB shareholder may use the following basis to estimate the maximum number of PASUKGB shares that he may sell from the Ex-date until the Book Closing Date which is from 17 April 2023 until 18 April 2023.

Illustration:

For example, if Mr X owns or purchases 1000 PASUKGB shares on cum basis on 14 April 2023, his CDS account would still show 1000 PASUKGB shares until 18 April 2023. However, as a result of the above Share Consolidation exercise, Mr X’s 1000 PASUKGB shares in his CDS account will be adjusted to 100 PASUKGB shares on the night of 18 April 2023 which is the Book Closing Date. Therefore, Mr X may, if he so wishes, sells only up to 100 PASUKGB shares on or after the Ex-date i.e. from 17 April 2023 onwards.

Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 17 April 2023 until 18 April 2023, they are only entitled to sell the maximum of 1/10 of the shares owned before the Ex-date. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their client’s position.

Remarks 2:

The Share Consolidation involves the consolidation of every 10 existing Shares held as at 5.00 p.m. on 18 April 2023, being the entitlement date for the Share Consolidation, into 1 Consolidated Share.

The actual number of Consolidated Shares will be determined based on the total number of issued shares of the Company on the entitlement date for the Share Consolidation.

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

The Consolidated Shares will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 19 April 2023, being the next market day following the entitlement date for the Share Consolidation.

The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders of the Company within 4 market days after the date of listing and quotation of the Consolidated Shares on the ACE Market of Bursa Securities.

The Share Consolidation will result in a reduction in the number of Shares available in the market and the trading price of the Shares will be adjusted accordingly in proportion to the basis of the Share Consolidation. The shareholders of the Company are strongly advised to trade cautiously to prevent overselling of their position in respect of the Shares held.