NEXGRAM-WB
Adjustment
Amended Announcements
Please refer to the earlier announcement reference number: ENT-08112022-00001
NEXGRAM HOLDINGS BERHAD |
Entitlement subject | Adjustment |
Entitlement description | ADJUSTMENTS TO THE NUMBER AND EXERCISE PRICE OF OUTSTANDING WARRANTS 2013/2023 ("WARRANT(S) B") CONSTITUTED BY THE DEED POLL DATED 22 JULY 2013 ("DEED POLL B"), AS A CONSEQUENCE OF THE CONSOLIDATION OF EVERY 10 ORDINARY SHARES IN NEXGRAM HOLDINGS BERHAD ("NEXGRAM") ("NEXGRAM SHARE(S)") INTO 1 NEXGRAM SHARE ("CONSOLIDATED SHARE(S)") AT 5.00 P.M. ON 24 NOVEMBER 2022 ("SHARE CONSOLIDATION") |
EX-date | 23 Nov 2022 |
Entitlement date | 24 Nov 2022 |
Entitlement time | 5:00 PM |
Financial Year End | 31 Jul 2023 |
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 | 24 Nov 2022 |
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 | 1.0000 : 10.0000 |
Rights Issue/Offer Price | |
Par Value (if applicable) |
Registrar or Service Provider name, address, telephone no |
TRICOR INVESTOR SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite Avenue 3, Bangsar South No. 8, Jalan Kerinchi 59200 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0327839299 Fax:0327839222 |
Remarks : |
Pursuant to the Share Consolidation, the number and exercise price of outstanding Warrants B which are not exercised prior to the Entitlement Date will be adjusted in accordance with the provisions of the Deed Poll B. The Warrants B will be consolidated on the basis of every 10 Warrants B held by the entitled holders of Warrants B of the Company ("Entitled Holders") (whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date) into 1 Warrant B ("Consolidated Warrants B"). Fractional entitlements arising from the Adjustments, if any, shall be disregarded and dealt with by the Board of Directors of the Company in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company. The actual number of Consolidated Warrants B to be consolidated would depend on the number of outstanding Warrants B which have yet to be exercised into new Nexgram Shares as at the Entitlement Date. Pursuant to the Adjustments, the existing exercise price of Warrants B of RM0.26 each will be revised to RM2.60 each. The Consolidated Warrants B will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 25 November 2022, being the next market day following the Entitlement Date. The notice of allotment for the Consolidated Warrants B will be despatched to the Entitled Holders not later than 4 market days after the date of listing and quotation of the Consolidated Warrants B on Bursa Securities. The notice to the holders of Warrants B (setting out the details of the Adjustments) will be despatched to the Entitled Holders in due course. The change of entitlement date is due to the Government of Malaysia's declaration of 18 November 2022 and 19 November 2022 as public holidays. This announcement is dated 15 November 2022. |
Announcement Info
Company Name | NEXGRAM HOLDINGS BERHAD |
Stock Name | NEXGRAM-WB |
Date Announced | 15 Nov 2022 |
Category | Entitlement(Notice of Book Closure) |
Reference Number | ENT-15112022-00017 |