TANCO-WC
Adjustment
| TANCO HOLDINGS BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | Adjustments to the number and exercise price of outstanding warrants 2022/2025 (“Warrants”) as specified in the deed poll dated 18 August 2022 (“Deed Poll”) (“Adjustments”), as a consequence of the bonus issue of up to 3,851,232,568 new ordinary shares in Tanco Holdings Berhad (“Tanco” or the “Company”) (“Tanco Shares”) (“Bonus Shares”) on the basis of 7 Bonus Shares for every 5 existing Tanco Shares held at 5.00 p.m. on 7 April 2025 (“Entitlement Date”) (“Bonus Issue”) |
| EX-date | 04 Apr 2025 |
| Entitlement date | 07 Apr 2025 |
| Entitlement time | 5:00 PM |
| Financial Year End | 30 Jun 2024 |
| 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 | 07 Apr 2025 |
| 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 | 7.0000 : 5.0000 |
| 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 : |
Pursuant to the Bonus Issue, the number and exercise price of outstanding Warrants which are not exercised prior to the Entitlement Date will be adjusted in accordance with the provisions of the Deed Poll.
Fractional entitlements arising from the Adjustments, if any, shall be disregarded and/or dealt with by the Board of Directors of the Company ("Board") in such manner at its absolute discretion as it may deem fit and expedient or in the best interests of the Company.
As at 20 March 2025, the Company has 543,035,476 outstanding Warrants. Hence, the maximum number of additional Warrants to be issued arising from the Adjustments (“Additional Warrants”) is 760,249,666 Additional Warrants. The actual number of Additional Warrants to be issued and allotted arising from the Adjustments would depend on the number of outstanding Warrants which have yet to be exercised into new Tanco Shares as at the Entitlement Date.
Further, the existing exercise price of Warrants of RM0.31 each will be revised to RM0.13 each pursuant to the Adjustments.
The Additional Warrants will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 8 April 2025, being the next market day following the Entitlement Date.
The notices of allotment for the Additional Warrants will be despatched to the entitled holders not later than 4 market days after the date of listing and quotation of the Additional Warrants on Bursa Securities. The notice to the holders of Warrants (setting out the details of the Adjustments) will be despatched in due course.
This announcement is dated 20 March 2025. |
Announcement Info
| Company Name | TANCO HOLDINGS BERHAD |
| Stock Name | TANCO-WC |
| Date Announced | 20 Mar 2025 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-20032025-00012 |