SERNKOU-WA
Adjustment
| SERN KOU RESOURCES BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | SERN KOU RESOURCES BERHAD ("SKRB" OR THE "COMPANY")
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2018/2023 IN SKRB AS CONSTITUTED BY THE DEED POLL DATED 5 MARCH 2018 ("DEED POLL") ("OUTSTANDING WARRANTS") PURSUANT TO THE BONUS ISSUE OF UP TO 720,000,000 NEW ORDINARY SHARES IN SERN KOU ("SKRB SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 2 BONUS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 8 JUNE 2021 ("ENTITLEMENT DATE") ("BONUS ISSUE") |
| EX-date | 04 Jun 2021 |
| Entitlement date | 08 Jun 2021 |
| Entitlement time | 5:00 PM |
| Financial Year End | 30 Jun 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 | 08 Jun 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 | 2.0000 : 1.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | Malaysian Ringgit (MYR) 0.0000 |
| 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 : |
Following the Bonus Issue, the exercise price and the number of Outstanding Warrants shall be adjusted in accordance with the provisions of the Deed Poll ("Adjustments").
Additional new Warrants 2018/2023 arising from the Adjustments ("Additional Warrants") will be allotted and issued to the entitled holders of Outstanding Warrants of the Company, whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date.
The actual number of Additional Warrants to be issued and allotted would depend on the number of Outstanding Warrants which have yet to be exercised into new SKRB Shares as at the Entitlement Date.
The Additional Warrants will be listed and quoted simultaneously with the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad on 9 June 2021, being the next market day following the Entitlement Date. The notice to the holders of Outstanding Warrants setting out the details of the Adjustments as well as the notice of allotment of the Additional Warrants will be despatched in due course.
Holders of the Outstanding Warrants who wish to be entitled to the Bonus Shares shall exercise their rights to subscribe for new SKRB Shares by lodging their duly completed exercise forms together with the relevant subscription monies with SKRBs Share Registrar (at the address stated above) on or before 5.00 p.m. on 25 May 2021 such that their names will appear in the Record of Depositors for SKRB Shares at 5.00 p.m. on the Entitlement Date.
This announcement is dated 21 May 2021. |
Announcement Info
| Company Name | SERN KOU RESOURCES BERHAD |
| Stock Name | SERNKOU-WA |
| Date Announced | 21 May 2021 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-21052021-00009 |