DIGISTA-WB
Adjustment
| DIGISTAR CORPORATION BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENTS TO THE EXERCISE PRICE AND THE NUMBER OF THE OUTSTANDING WARRANTS 2013/2023 ("WARRANT(S) B") OF DIGISTAR CORPORATION BERHAD ("DIGISTAR") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 4 MARCH 2013 ("DEED POLL B") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 287,518,911 NEW ORDINARY SHARES IN DIGISTAR ("DIGISTAR SHARE(S)" OR "SHARES") ("RIGHTS SHARE(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 3 EXISTING DIGISTAR SHARES HELD TOGETHER WITH UP TO 287,518,911 FREE DETACHABLE WARRANTS ("WARRANT(S) C") ON THE BASIS OF 1 WARRANT C FOR EVERY 1 RIGHTS SHARE SUBSCRIBED BY THE ENTITLED SHAREHOLDERS, AS AT 5.00 P.M. ON MONDAY, 3 MAY 2021 AT AN ISSUE PRICE OF RM0.05 PER RIGHTS SHARE ("RIGHTS ISSUE WITH FREE WARRANTS") ("ADJUSTMENTS") |
| EX-date | 30 Apr 2021 |
| Entitlement date | 03 May 2021 |
| Entitlement time | 5:00 PM |
| Financial Year End | 30 Sep 2021 |
| Period of interest payment | to |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 03 May 2021 |
| 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 |
| Ratio | 10.3400 : 100.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0327839299 Fax:0327839222 |
| Remarks : |
Holders of the outstanding Warrants B ("Warrants B Holders") are advised to refer to the Company's relevant announcements and notice of book closure in relation to the Rights Issue with Free Warrants dated 16 April 2021.
Warrants B Holders who wish to be entitled to participate in the Rights Issue with Free Warrants should exercise their rights to subscribe for new Digistar Shares by lodging their duly completed exercise forms together with the relevant subscription monies with Digistar's share registrar, Tricor Investor & Issuing House Services Sdn Bhd, on or before 5:00 p.m. on Tuesday, 20 April 2021. This is to enable the new Digistar Shares arising from such exercise to be allotted to the respective Warrants B Holders such that their names will appear on the Record of Depositors as at 5:00 p.m. on 3 May 2021.
The Warrants B Holders who have not exercised their outstanding Warrants B and whose names appear in the Record of Depositors for the outstanding Warrants B as at 5:00 p.m. on 3 May 2021 would be entitled to the Adjustments.
Fractional entitlements arising from the Adjustments, if any, will be disregarded and/or shall be dealt with by the Board of Directors of the Company ("Board") in such manner as the Board in its absolute discretion deems fit and expedient or in the best interest of the Company.
The additional new Warrants B will be listed and quoted simultaneously with the Rights Shares and Warrants C. The notice to Warrants B Holders setting out the details of the Adjustments to the Warrants B and the notice of allotment or an electronic notice of allotment of additional Warrants B will be despatched to the Warrants B Holders in due course. |
Announcement Info
| Company Name | DIGISTAR CORPORATION BERHAD |
| Stock Name | DIGISTA-WB |
| Date Announced | 16 Apr 2021 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-16042021-00008 |