HONGSENG-WB

Adjustment

HONG SENG CONSOLIDATED BERHAD

Entitlement subject Adjustment
Entitlement description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS IN HONG SENG CONSOLIDATED BERHAD ("HONG SENG" OR "COMPANY") AS CONSTITUTED BY THE DEED POLL DATED 17 SEPTEMBER 2021 ("DEED POLL B") ("WARRANTS B") PURSUANT TO THE BONUS ISSUE OF UP TO 3,520,465,659 NEW ORDINARY SHARES IN HONG SENG ("HONG SENG SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING HONG SENG SHARE HELD AS AT 5.00 P.M. ON 27 JUNE 2022 ("ENTITLEMENT DATE") ("BONUS ISSUE")
EX-date 24 Jun 2022
Entitlement date 27 Jun 2022
Entitlement time 5:00 PM
Financial Year End 30 Sep 2022
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 27 Jun 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
Ratio 1.0000 : 1.0000
Rights Issue/Offer Price
Par Value (if applicable)
Registrar or Service Provider name, address, telephone no BOARDROOM SHARE REGISTRARS SDN BHD
11th Floor, Menara Symphony
No. 5, Jalan Prof. Khoo Kay Kim

Seksyen 13

46200 Petaling Jaya

Selangor

Malaysia

Tel:03-7890 4700
Fax:03-7890 4670


Remarks :
Following the Bonus Issue, the exercise price and the number of outstanding Warrants B (which are not exercised into new Hong Seng Shares prior to the Entitlement Date) shall be adjusted in accordance with the provisions of the Deed Poll B ("Adjustments"). 

Additional Warrants B arising from the Adjustments ("Additional Warrants B") will be allotted and issued to the entitled holders of Warrants B of the Company, whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date ("Entitled Warrant B Holders"). 

The actual number of Additional Warrants B to be issued and allotted would depend on the number of outstanding Warrants B which are not exercised into new Hong Seng Shares prior to the Entitlement Date.

The Additional Warrants B will be listed and quoted simultaneously with the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad on 28 June 2022 ("Listing Date"), being the next market day following the Entitlement Date. 

The notice of allotment for the Additional Warrants B will be issued and despatched to the Entitled Warrant B Holders at the addresses set out in the Record of Depositors of the Company as at the Entitlement Date within 4 market days after the Listing Date. The notice setting out the details of the Adjustments will be issued and despatched to the Entitled Warrant B Holders in due course.

Holders of the Warrants B who wish to be entitled to the Bonus Issue as the Company's shareholders shall exercise their rights to subscribe for new Hong Seng Shares by lodging their duly completed exercise forms together with the relevant subscription monies with Hong Seng's Share Registrar (at the address stated above) on or before 5.00 p.m. on Thursday, 16 June 2022 such that their names will appear in the Record of Depositors of the Company at 5.00 p.m. on the Entitlement Date. 

This announcement is dated 13 June 2022.


Announcement Info

Company Name HONG SENG CONSOLIDATED BERHAD
Stock Name HONGSENG-WB
Date Announced 13 Jun 2022
Category Entitlement(Notice of Book Closure)
Reference Number ENT-13062022-00003


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