EDUSPEC
Rights Issue
| EDUSPEC HOLDINGS BERHAD |
| Entitlement subject | Rights Issue |
| Type | Renounceable |
| Entitlement description | RENOUNCEABLE RIGHTS ISSUE OF UP TO 996,517,704 NEW ORDINARY SHARES IN EDUSPEC HOLDINGS BERHAD ("EDUSPEC" OR THE "COMPANY") ("EDUSPEC SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.03 PER RIGHTS SHARE TOGETHER WITH UP TO 498,258,852 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS C") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 7 APRIL 2023 ("RIGHTS ISSUE WITH WARRANTS") |
| Ex-Date | 06 Apr 2023 |
| Entitlement date | 07 Apr 2023 |
| Entitlement time | 5:00 PM |
| 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 | 07 Apr 2023 |
| 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) |
|
| Rights Issue/Offer Price | Malaysian Ringgit (MYR) 0.0300 |
| Par Value (if applicable) | |
| Entitlement indicator | Ratio |
| Entitlement Details | |
| Company Name | EDUSPEC HOLDINGS BERHAD |
| Entitlement | Ordinary Rights |
| Ratio (New:Existing) | 6.0000 : 1.0000 |
| Rights Crediting Date | 07 Apr 2023 |
| Fractional Entitlement | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no |
TRICOR INVESTOR & ISSUING HOUSE 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 : |
The Abridged Prospectus together with the notice of provisional allotment and rights subscription form pursuant to the Rights Issue with Warrants (collectively, the "Documents") will only be despatched to the shareholders of the Company whose names appear in the Companys Record of Depositors as at 5.00 p.m. on 7 April 2023 ("Entitled Shareholders") and who have a registered address in Malaysia or who have provided the Share Registrar, Tricor Investor & Issuing House Services Sdn Bhd, with a registered address in Malaysia in writing by 5.00 p.m. on 7 April 2023.
The Documents are not intended to (and will not be made to) comply with the laws of any country or jurisdiction other than Malaysia, and are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia and no action has been or will be taken to ensure that the Rights Issue with Warrants complies with the laws of any country or jurisdiction other than the laws of Malaysia.
Entitled Shareholders who do not have a registered address in Malaysia for the service of documents and wish to provide a Malaysian address, should inform their respective stockbrokers to effect the change of address by 5.00 p.m. on 7 April 2023.
Holders of Warrants B who wish to be entitled to the Rights Shares with Warrants C must exercise their Warrants B into new Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar, Tricor Investor & Issuing House Services Sdn Bhd, on or before 5.00 p.m. on 28 March 2023. This is to enable the new Shares arising from such exercise to be allotted to the respective holders of the Warrants B such that their names will appear on the Record of Depositors of the Company by 5.00 p.m. on 7 April 2023.
This announcement is dated 24 March 2023. |
Announcement Info
| Company Name | EDUSPEC HOLDINGS BERHAD |
| Stock Name | EDUSPEC |
| Date Announced | 24 Mar 2023 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-24032023-00003 |
| Corporate Action ID | MY230324RHDI0001 |