CSCENIC-WA - Notice of Book Closure

ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2021/2026 OF CLASSIC SCENIC BERHAD ("CSCENIC" OR "COMPANY") ("WARRANTS 2021/2026") CONSTITUTED BY THE DEED POLL DATED 12 AUGUST 2021 PURSUANT TO THE BONUS ISSUE OF UP TO 180,749,610 NEW ORDINARY SHARES IN CSCENIC ("CSCENIC SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 2 EXISTING CSCENIC SHARES HELD AS AT 5.00 P.M. ON 11 MAY 2023 ("BONUS ENTITLEMENT DATE") ("BONUS ISSUE OF SHARES") ("ADJUSTMENTS")
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 10 May 2023
2)  The last date of lodgment : 11 May 2023
 

Remarks 1 :

Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 11 May 2023 with adjustment to the number of outstanding CSCENIC-WA shares, any shareholder who is entitled to receive CSCENIC-WA additional shares may now sell any or all of his CSCENIC-WA shares arising from adjustment consequent to the bonus issue beginning the Ex-Date (10 May 2023). 

For example, if Mr X purchases 200 CSCENIC-WA shares on cum basis on 09 May 2023, Mr X should receive 200 shares on 11 May 2023. Consequent to the bonus issue, an additional of 100 CSCENIC-WA shares will be credited into Mr X's CDS account on the night of 11 May 2023 being the Book Closing Date. Therefore, Mr X can sell a total of 300 CSCENIC-WA shares on or after the Ex-Date ie from 10 May 2023 onwards.

Remarks 2 :

Holders of the Warrants 2021/2026 ("Warrant Holders") who wish to be entitled to the Bonus Shares should exercise their Warrants 2021/2026 by lodging their duly completed exercise forms together with the relevant subscription monies with CScenic's share registrar on or before 5.00 p.m. on 27 April 2023 such that their names will appear on the Record of Depositors at 5.00 p.m. on the Bonus Entitlement Date.

Up to 56,866,670 additional Warrants 2021/2026 will be allotted and issued pursuant to the Adjustments. The exact number of additional Warrants 2021/2026 to be allotted and issued will depend on the number of outstanding Warrants 2021/2026 as at the Bonus Entitlement Date.

Fractional entitlements arising from the Adjustments, if any, will be disregarded, and/or dealt with by the Board of Directors of CScenic, in such manner as it may in its absolute discretion deem fit or expedient and in the best interest of the Company.

The additional Warrants 2021/2026 will be listed and quoted on the Main Market of Bursa Securities simultaneously with the Bonus Shares on 12 May 2023, being the next market day immediately after the Bonus Entitlement Date.

CScenic's share registrar will issue and despatch the notice to Warrant Holders setting out the details of the Adjustments and notice of allotment for the additional Warrants 2021/2026 in due course.