HM-WC
Adjustment
| HARVEST MIRACLE CAPITAL BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2021/2026 IN HARVEST MIRACLE CAPITAL BERHAD ("COMPANY") AS CONSTITUTED BY THE DEED POLL DATED 16 MARCH 2021 ("DEED POLL C") ("WARRANTS C") PURSUANT TO THE CONSOLIDATION OF EVERY 3 EXISTING ORDINARY SHARES IN THE COMPANY ("HMCB SHARE(S)") HELD AS AT 5.00 P.M. ON 20 NOVEMBER 2024 ("ENTITLEMENT DATE") INTO 1 HMCB SHARE ("SHARE CONSOLIDATION") |
| EX-date | 19 Nov 2024 |
| Entitlement date | 20 Nov 2024 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Mar 2025 |
| 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 | 20 Nov 2024 |
| 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 : 3.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
SYMPHONY CORPORATE SERVICES SDN BHD S-4-04, The Gamuda Biz Suite, Jalan Anggerik Vanilla 31/99, Kota Kemuning, 40460 Shah Alam Selangor Malaysia Tel:0164397718 Fax:0351319134 |
| Remarks : |
Pursuant to the Share Consolidation, the exercise price and number of outstanding Warrants C (which are not exercised into new HMCB Shares prior to the Entitlement Date) shall be adjusted in accordance with the provisions of the Deed Poll C ("Adjustments").
The outstanding Warrants C will be consolidated on the basis of every 3 Warrants C held by the entitled holders of Warrants C (whose names appear in the Record of Depositors of the Company for Warrants C at 5.00 p.m. on the Entitlement Date) ("Entitled Warrant C Holders") into 1 Warrant C ("Consolidated Warrant(s) C"). Fractional entitlements for the Consolidated Warrants C arising from the Adjustments, if any, will be disregarded and dealt with by the Board of Directors of the Company in such manner at its absolute discretion as it may deem fit, expedient and in the best interest of the Company.
Pursuant to the Adjustments, the existing number of 125,946,372 outstanding Warrants C will be adjusted into a maximum number of 46,828,117 Consolidated Warrants C to be issued and allotted to the Entitled Warrant C Holders. The actual number of Consolidated Warrants C to be issued and allotted would depend on the number of outstanding Warrants C which are not exercised into new HMCB Shares on the Entitlement Date.
Further, pursuant to the Adjustments, the exercise price of the Warrants C of RM0.17 each will be revised to RM0.51 each.
The Consolidated Warrants C will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 21 November 2024 ("Listing Date"), being the next market day following the Entitlement Date.
The notice of allotment of the Consolidated Warrants C will be issued and despatched to the Entitled Warrants C Holders at the addresses set out in the Record of Depositors of the Company for Warrants C 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 Warrants C Holders in due course.
The Share Consolidation will result in a reduction in the number of Warrants C available in the market and the trading price of Warrants C will be adjusted accordingly in proportion to the basis of the Share Consolidation.
Holders of Warrants C who wish to be entitled to the Share Consolidation as the Company's shareholders shall exercise their rights to subscribe for new HMCB Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar of HMCB (at the address stated above) on or before 5.00 p.m. on Thursday, 7 November 2024 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 6 November 2024. |
Announcement Info
| Company Name | HARVEST MIRACLE CAPITAL BERHAD |
| Stock Name | HM-WC |
| Date Announced | 06 Nov 2024 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-04112024-00006 |