ENGTEX-WB
Adjustment
| ENGTEX GROUP BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | Adjustments to the exercise price and the number of outstanding Warrants 2021/2026 ("Warrant(s) B") of Engtex Group Berhad ("Engtex" or the "Company") in accordance with the provisions of the deed poll dated 28 July 2021 ("Deed Poll") pursuant to the bonus issue of up to 414,303,807 new ordinary shares in Engtex ("Bonus Share(s)") on the basis of 3 Bonus Shares for every 4 existing ordinary shares in Engtex ("Engtex Share(s)") held by the shareholders of Engtex at 5.00 p.m. on 9 August 2024 ("Entitlement Date") ("Bonus Issue") ("Adjustments") |
| EX-date | 08 Aug 2024 |
| Entitlement date | 09 Aug 2024 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Dec 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 | 09 Aug 2024 |
| 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 | 3.0000 : 4.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
MEGA CORPORATE SERVICES SDN BHD Level 15-2, Bangunan Faber Imperial Court Jalan Sultan Ismail 50250 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0326924271 Fax:0327325388 |
| Remarks : |
Pursuant to the Bonus Issue, the exercise price and number of outstanding Warrants B which are not exercised prior to the Entitlement Date will be adjusted in accordance with the provisions of the Deed Poll.
Holders of the Warrants B ("Warrant B Holders") who wish to be entitled to the Bonus Shares should exercise their Warrants B by lodging their duly completed exercise forms together with the relevant subscription monies with Engtex's share registrar on or before 5.00 p.m. on 1 August 2024 such that their names will appear on the Record of Depositors at 5.00 p.m. on the Entitlement Date.
Up to 81,814,331 additional Warrants B will be allotted and issued pursuant to the Adjustments ("Additional Warrant(s) B"). The actual number of Additional Warrants B to be allotted and issued would depend on the number of outstanding Warrants B as at the Entitlement Date.
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 may in its absolute discretion deem fit, expedient and in the best interest of the Company.
Pursuant to the Adjustments, the existing exercise price of Warrants B of RM0.70 each will be revised to RM0.40 each.
The Additional Warrants B will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") simultaneously with the Bonus Shares on 12 August 2024, being the next market day following the Entitlement Date.
The notice of allotment for the Additional Warrants B will be issued and despatched to all the entitled Warrant B Holders not later than 4 market days after the date of the listing of and quotation for the Additional Warrants B on the Main Market of Bursa Securities. The notice to Warrant B Holders setting out the details of the Adjustments to the Warrants B will be despatched to the Warrant B Holders in due course.
This announcement is dated 26 July 2024. |
Announcement Info
| Company Name | ENGTEX GROUP BERHAD |
| Stock Name | ENGTEX-WB |
| Date Announced | 26 Jul 2024 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-26072024-00002 |