BIOHLDG-WA

Adjustment

BIOALPHA HOLDINGS BERHAD

Entitlement subject Adjustment
Entitlement description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2017/2022 IN BIOALPHA HOLDINGS BERHAD ("BIOALPHA") AS CONSTITUTED BY THE DEED POLL DATED 23 NOVEMBER 2016 ("DEED POLL") ("WARRANTS") PURSUANT TO THE:

(I)	RENOUNCEABLE RIGHTS ISSUE OF UP TO 83,335,241 NEW ORDINARY SHARES IN BIOALPHA ("BIOALPHA SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.20 EACH ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 15 EXISTING BIOALPHA SHARES HELD AS AT 5.00 P.M. ON 23 APRIL 2021; AND

(II)	RENOUNCEABLE RIGHTS ISSUE OF UP TO 208,338,103 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN BIOALPHA ("ICPS") ("RIGHTS ICPS") AT AN ISSUE PRICE OF RM0.02 EACH ON THE BASIS OF 1 RIGHTS ICPS FOR EVERY 6 EXISTING BIOALPHA SHARES HELD AS AT 5.00 P.M. ON 23 APRIL 2021 

(COLLECTIVELY, THE "RIGHTS ISSUES")
EX-date 22 Apr 2021
Entitlement date 23 Apr 2021
Entitlement time 5:00 PM
Financial Year End 31 Dec 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 23 Apr 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 0.0061 : 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 (Jalan Semangat)

Seksyen 13

46200 Petaling Jaya

Selangor

Malaysia

Tel:0378904700
Fax:0378904670


Remarks :
The Notice of Book Closure in relation to the Rights Issues had been announced by the Company separately today.

Pursuant to the Rights Issues, the exercise price and number of outstanding Warrants (which are not exercised into new Bioalpha Shares prior to the Entitlement Date) shall be adjusted in accordance with the provisions of the Deed Poll ("Adjustments").

Holders of Warrants who wish to be entitled to the Rights Issues as the Companys shareholders shall exercise their rights to subscribe for new Bioalpha Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar of Bioalpha (at the address stated above) on or before 5.00 p.m. on Tuesday, 13 April 2021 such that their names will appear on the Record of Depositors of the Company at 5.00 p.m. on the Entitlement Date.

Entitled holders of Warrants who have not exercised their outstanding Warrants into Bioalpha Shares and whose names appear in the Record of Depositors of the Company for the outstanding Warrants at 5.00 p.m. on the Entitlement Date would be entitled to the Adjustments ("Entitled Warrants Holders").

The entitlement ratio indicated above is for illustration only based on the latest issued share capital of the Company and assuming all entitled shareholders subscribe for their respective entitlements under the Rights Issues. The actual number of additional Warrants to be issued and the adjusted exercise price of Warrants pursuant to the Adjustments shall be finalised at a later date prior to the listing of and quotation of the additional Warrants on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities").

The additional Warrants will be listed and quoted simultaneously with the Rights Shares and Rights ICPS on the ACE Market of Bursa Securities. A notice of allotment or an electronic notice of allotment of the additional Warrants will be despatched. The notice setting out the details of the Adjustments will be issued and despatched to the Entitled Warrants Holders in due course. 

This announcement is dated 9 April 2021.


Announcement Info

Company Name BIOALPHA HOLDINGS BERHAD
Stock Name BIOHLDG-WA
Date Announced 09 Apr 2021
Category Entitlement(Notice of Book Closure)
Reference Number ENT-08042021-00008


View original