HEXIND-WA

Adjustment

HEXTAR INDUSTRIES BERHAD

Entitlement subject Adjustment
Entitlement description
ADJUSTMENTS TO THE NUMBER AND EXERCISE PRICE OF OUTSTANDING WARRANTS 2016/2021 OF HEXTAR INDUSTRIES BERHAD ("HEXTAR INDUSTRIES" OR THE "COMPANY") ("WARRANTS") AS A CONSEQUENCE OF THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,268,911,225 NEW ORDINARY SHARES IN HEXTAR INDUSTRIES ("HEXTAR INDUSTRIES SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 5 RIGHTS SHARES FOR EVERY 1 EXISTING HEXTAR INDUSTRIES SHARE HELD AS AT 5.00 P.M. ON 29 SEPTEMBER 2021 AT AN ISSUE PRICE OF RM0.12 PER RIGHTS SHARE ("RIGHTS ISSUE") ("ADJUSTMENTS")
EX-date 28 Sep 2021
Entitlement date 29 Sep 2021
Entitlement time 5:00 PM
Financial Year End 31 Aug 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 29 Sep 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 0.9016 : 1.0000
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 :
The Notice of Book Closure in relation to the Rights Issue had been announced by the Company separately today.

Holders of outstanding Warrants ("Warrant Holders") who wish to be entitled to the Rights Shares should exercise their rights to subscribe for new Hextar Industries Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the share registrar, Tricor Investor & Issuing House Services Sdn Bhd, on or before 5.00 p.m. on 17 September 2021. This is to enable the new Hextar Industries Shares arising from such exercise to be allotted to the respective Warrant Holders such that their names will appear on the Record of Depositors of the Company by 5.00 p.m. on 29 September 2021 ("Entitlement Date").

The Warrant Holders who have not exercised their outstanding Warrants by 5.00 p.m. on 17 September 2021 and whose names appear in the Record of Depositors for the outstanding Warrants on the Entitlement Date would be entitled to the Adjustments.

Fractional entitlements arising from the Adjustments, if any, shall be disregarded and dealt with in such manner as the Board of Directors of the Company in its sole and absolute discretion deems fit and expedient and in the best interests of the Company.

Further, the existing exercise price of Warrants of RM0.30 each will be revised to RM0.16 each pursuant to the Adjustments.

The additional Warrants to be issued pursuant to the Adjustments will be listed and quoted simultaneously with the Rights Shares on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities"). The Adjustments will only be finalised on the Entitlement Date and will be effective on the following market day. A notice to the Warrant Holders on the Adjustments will be despatched to the Warrant Holders in due course.

This announcement is dated 14 September 2021.


Announcement Info

Company Name HEXTAR INDUSTRIES BERHAD
Stock Name HEXIND-WA
Date Announced 14 Sep 2021
Category Entitlement(Notice of Book Closure)
Reference Number ENT-08092021-00018


View original