EFRAME
Bonus Issue
| ECONFRAME BERHAD |
| Entitlement subject | Bonus Issue |
| Entitlement description | ECONFRAME BERHAD ("ECONFRAME" OR THE "COMPANY")
BONUS ISSUE OF UP TO 162,500,000 WARRANTS ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ECONFRAME SHARES HELD AS AT 5.00 P.M. ON 15 DECEMBER 2022 ("BONUS ISSUE OF WARRANTS") |
| Shareholder's Approval | Yes |
| Ex-Date | 14 Dec 2022 |
| Entitlement date | 15 Dec 2022 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Aug 2023 |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| Securities Crediting Date | |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 15 Dec 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 |
| Par Value (if applicable) | Malaysian Ringgit (MYR) 0.0000 |
| Securities Entitlement | |
| Company Name |
ECONFRAME BERHAD |
| Entitlement |
Warrants |
| Ratio (New : Existing) | 1.0000 : 2.0000 |
| Available/Listing Date | 27 Dec 2022 |
| Fractional Entitlement | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no |
SECURITIES SERVICES (HOLDINGS) SDN BHD Level 7, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara Damansara Heights 50490 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0320849000 Fax:0320949940 |
| Remarks : |
The Bonus Issue of Warrants will entail the issuance of up to 162,500,000 Warrants to be credited as fully paid-up on the basis of 1 Warrant for every 2 existing Econframe Shares held by the entitled shareholders.
The Warrants will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 27 December 2022, being 2 market days after the submission of the quotation application for Warrants to Bursa Securities.
The notices of allotment for the Warrants will be issued and despatched to all entitled shareholders not later than 4 market days after the date of the listing and quotation of the Warrants on the ACE Market of Bursa Securities.
This announcement is dated 30 November 2022. |
Announcement Info
| Company Name | ECONFRAME BERHAD |
| Stock Name | EFRAME |
| Date Announced | 30 Nov 2022 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-30112022-00005 |
| Corporate Action ID | MY221130BONU0001 |