YONGTAI-PA
Adjustment
| YONG TAI BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENTS TO THE CONVERSION PRICE AND CONVERSION RATIO OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN YONG TAI BERHAD ("YTB" OR "COMPANY") ("ICPS") PURSUANT TO THE CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN YTB ("YTB SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 1 AUGUST 2022 ("ENTITLEMENT DATE") INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") |
| EX-date | 29 Jul 2022 |
| Entitlement date | 01 Aug 2022 |
| Entitlement time | 5:00 PM |
| Financial Year End | 30 Jun 2023 |
| 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 | 01 Aug 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 | : |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
BINA MANAGEMENT (M) SDN BHD Lot 10, The Highway Centre Jalan 51/205 46050 Petaling Jaya Selangor Malaysia Tel:0377843922 Fax:0377841988 |
| Remarks : |
Reference is made to the Notice of Book Closure in relation to the Share Consolidation which had been announced by the Company on 18 July 2022.
The conversion price of the ICPS and conversion ratio of the ICPS (for ICPS which are not converted into new Shares prior to the Entitlement Date) shall be adjusted pursuant to the Share Consolidation and in accordance with the provisions of the Company's Constitution ("Adjustments").
Pursuant to the Adjustments, the conversion price of ICPS will be adjusted from existing conversion price of RM0.80 each to RM4.00 each.
The conversion ratio of ICPS will be adjusted from existing conversion ratio of 1 ICPS for 1 new Share to 5 ICPS for 1 new Share. The adjustment will be effective on 2 August 2022, being the next market day following the Entitlement Date.
The notice setting out the details of the Adjustments will be issued and despatched to the ICPS Holders in due course.
Holders of ICPS who wish to be entitled to the Share Consolidation should convert their ICPS by lodging their duly completed ICPS conversion forms with the Share Registrar of Yong Tai Berhad (at the address stated above) on or before 5.00 p.m. on Wednesday, 20 July 2022 such that their names will appear in the Record of Depositors of the Company at 5.00 p.m. on the Entitlement Date.
This announcement is dated 19 July 2022. |
Announcement Info
| Company Name | YONG TAI BERHAD |
| Stock Name | YONGTAI-PA |
| Date Announced | 19 Jul 2022 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-19072022-00005 |