KGROUP
Share Consolidation
| KEY ALLIANCE GROUP BERHAD |
| Entitlement subject | Share Consolidation |
| Entitlement description | CONSOLIDATION OF EVERY 30 EXISTING ORDINARY SHARES IN KEY ALLIANCE GROUP BERHAD ("KAG" OR "COMPANY") ("KAG SHARE(S)" OR "SHARES") INTO 1 KAG SHARE ("SHARE CONSOLIDATION") |
| Ex-Date | 05 Mar 2025 |
| Entitlement date | 06 Mar 2025 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Mar 2025 |
| 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 | 06 Mar 2025 |
| 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 |
| KEY ALLIANCE GROUP BERHAD | 1.0000 : 30.0000 | 07 Mar 2025 | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no |
SHAREWORKS SDN BHD No. 2-1, Jalan Sri Hartamas 8 Sri Hartamas 50480 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0362011120 Fax:0362013121 |
| Remarks : |
The Share Consolidation involves the consolidation of every 30 KAG Shares held as at 5.00 p.m. on 6 March 2025, being the entitlement date for the Share Consolidation, into 1 KAG 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 ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 7 March 2025, 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 listing and quotation of the Consolidated Shares on the ACE Market of Bursa Securities.
The Share Consolidation will result in a reduction in the number of KAG Shares available in the market and the trading price of the KAG Shares will be adjusted 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 KAG Shares.
This announcement is dated 19 February 2025. |
Announcement Info
| Company Name | KEY ALLIANCE GROUP BERHAD |
| Stock Name | KGROUP |
| Date Announced | 19 Feb 2025 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-19022025-00001 |
| Corporate Action ID | MY250219SPLR0001 |