JOE-WA
Adjustment
| JOE HOLDING BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENT TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2015/2025 OF JOE HOLDING BERHAD ("JOE" OR THE "COMPANY") ("WARRANTS A") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 24 APRIL 2015 CONSTITUTING THE WARRANTS A (''DEED POLL A'') PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,249,237,340 NEW ORDINARY SHARES IN JOE (''JOE SHARES'' OR ''SHARES'') (''RIGHTS SHARES'') AT AN ISSUE PRICE OF RM0.05 PER RIGHTS SHARE TOGETHER WITH UP TO 1,349,542,404 FREE DETACHABLE WARRANTS IN JOE (''WARRANTS B'') ON THE BASIS OF 5 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS B FOR EVERY 5 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 23 APRIL 2021 (''RIGHTS ISSUE WITH WARRANTS'') (''ADJUSTMENTS'') |
| EX-date | 22 Apr 2021 |
| Entitlement date | 23 Apr 2021 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Mar 2021 |
| 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 | 23 Apr 2021 |
| 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 | 0.2479 : 1.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
BOARDROOM.COM SDN BHD Level 5, Block B, Dataran PHB Saujana Resort, Section U2 40150 Shah Alam Selangor Malaysia Tel:0378900638 Fax:0378901032 |
| Remarks : |
The Notice of Book Closure in relation to the Rights Issue with Warrants had been announced by the Company separately today.
Holders of outstanding Warrants A ("Warrant A Holders") who wish to be entitled to the Rights Shares with Warrants A should exercise their rights to subscribe for new Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar, Boardroom.com Sdn Bhd, on or before 5.00 p.m. on 14 April 2021. This is to enable the new Shares arising from such exercise to be allotted to the respective Warrant A Holders such that their names will appear on the Record of Depositors of the Company by 5.00 p.m. on 23 April 2021 ("Entitlement Date").
The Warrant A Holders who have not exercised their outstanding Warrants A by 5.00 p.m. on 14 April 2021 and whose names appear in the Record of Depositors for the outstanding Warrants A on the Entitlement Date would be entitled to the Adjustments.
The entitlement ratio indicated above is for illustration only based on the latest issued share capital of the Company and assuming all entitled shareholders subscribe for their respective entitlements under the Rights Issue with Warrants. The actual number of additional Warrants A to be issued and the adjusted exercise price of the Warrants A pursuant to the Adjustments shall be finalised at a later date prior to the listing and quotation of the Rights Shares with Warrants B.
The notice to Warrant A Holders (setting out details of the Adjustments) will be despatched to the Warrant A Holders in due course.
This announcement is dated 9 April 2021. |
Announcement Info
| Company Name | JOE HOLDING BERHAD |
| Stock Name | JOE-WA |
| Date Announced | 09 Apr 2021 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-09042021-00007 |