JOE
Share Consolidation
| JOE HOLDING BERHAD |
| Entitlement subject | Share Consolidation |
| Entitlement description | CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN JOE HOLDING BERHAD ("JOE" OR '"COMPANY") ("JOE SHARE(S)" OR "SHARE(S)") INTO 1 JOE SHARE ("SHARE CONSOLIDATION") |
| Ex-Date | 20 Oct 2023 |
| Entitlement date | 23 Oct 2023 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Mar 2024 |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 23 Oct 2023 |
| 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) | |
Entitlement Details
| Company Name | Ratio (New : Existing) |
Available/Listing Date | Fractional Entitlement |
| JOE HOLDING BERHAD | 1.0000 : 10.0000 | 24 Oct 2023 | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no |
WORKSHIRE SHARE REGISTRATION SDN BHD A3-3-8, Solaris Dutamas No. 1, Jalan Dutamas 1 50480 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:03 64133271 Fax:03 64133270 |
| Remarks : |
The Share Consolidation involves the consolidation of every 10 JOE Shares held as at 5.00 p.m. on 23 October 2023, being the entitlement date for the Share Consolidation, into 1 JOE Share ("Consolidated Share(s)").
The actual number of Consolidated Shares will be determined based on the total number of issued shares of the Company on the entitlement date for the Share Consolidation.
Fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and dealt with by the Board of Directors in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company.
The Consolidated Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 24 October 2023, being the next market day following the entitlement date for the Share Consolidation.
The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders of the Company within 4 market days after the date of listing and quotation of the Consolidated Shares on the Main Market of Bursa Securities.
The Share Consolidation will result in a reduction in the number of JOE Shares available in the market and the trading price of the JOE Shares will be adjusted accordingly in proportion to the basis of the Share Consolidation. The shareholders of the Company are strongly advised to trade cautiously to prevent overselling of their position in respect of their JOE Shares.
This announcement is dated 6 October 2023. |
Announcement Info
| Company Name | JOE HOLDING BERHAD |
| Stock Name | JOE |
| Date Announced | 06 Oct 2023 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-06102023-00001 |
| Corporate Action ID | MY231006SPLR0001 |