SAMAIDEN-WA

Adjustment

SAMAIDEN GROUP BERHAD

Entitlement subject Adjustment
Entitlement description
SAMAIDEN GROUP BERHAD ("SAMAIDEN" OR THE "COMPANY")

ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2021/2026 IN SAMAIDEN AS CONSTITUTED BY THE DEED POLL DATED 1 JUNE 2021 ("DEED POLL") ("OUTSTANDING WARRANTS") PURSUANT TO THE BONUS ISSUE OF UP TO 224,000,000 NEW ORDINARY SHARES OF SAMAIDEN ("SAMAIDEN SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 2 BONUS SHARES FOR EVERY 3 EXISTING SAMAIDEN SHARES HELD AS AT 5.00 P.M. ON 13 JUNE 2022 ("ENTITLEMENT DATE") ("BONUS ISSUE")
EX-date 10 Jun 2022
Entitlement date 13 Jun 2022
Entitlement time 5:00 PM
Financial Year End 30 Jun 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 13 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 2.0000 : 3.0000
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 :
Following the Bonus Issue, the exercise price and the number of Outstanding Warrants shall be adjusted in accordance with the provisions of the Deed Poll ("Adjustments"). 

Additional new Warrants 2021/2026 arising from the Adjustments ("Additional Warrants") will be allotted and issued to the entitled holders of Outstanding Warrants of the Company, whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date. 

Fractional entitlements arising from the Adjustments, if any, shall be disregarded and/or dealt with by the Board of Directors of the Company in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company. The Additional Warrants to be issued and allotted would depend on the number of outstanding Warrants which have yet to be exercised into new Samaiden Shares as at the Entitlement Date. 

Pursuant to the Adjustments, the existing exercise price of Warrants of RM1.20 each will be revised to RM0.72 each.

The actual number of Additional Warrants to be issued and allotted would depend on the number of Outstanding Warrants which have yet to be exercised into new Samaiden Shares as at the Entitlement Date.

The Additional Warrants will be listed and quoted simultaneously with the Bonus Shares on the ACE Market of Bursa Malaysia Securities Berhad on 14 June 2022, being the next market day following the Entitlement Date. The notice to the holders of Outstanding Warrants setting out the details of the Adjustments as well as the notice of allotment of the Additional Warrants will be despatched in due course.

Holders of the Outstanding Warrants who wish to be entitled to the Bonus Shares shall exercise their rights to subscribe for new Samaiden Shares by lodging their duly completed exercise forms together with the relevant subscription monies with Samaiden's Share Registrar (at the address stated above) on or before 5.00 p.m. on 31 May 2022 such that their names will appear in the Record of Depositors for Samaiden Shares at 5.00 p.m. on the Entitlement Date. 

This announcement is dated 27 May 2022.


Announcement Info

Company Name SAMAIDEN GROUP BERHAD
Stock Name SAMAIDEN-WA
Date Announced 27 May 2022
Category Entitlement(Notice of Book Closure)
Reference Number ENT-26052022-00010


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