IMPIANA - Notice of Book Closure

Consolidation of every 10 existing ordinary shares in Impiana Hotels Berhad (formerly known as Bio Osmo Berhad) ("Impiana") into 1 ordinary share ("Share Consolidation")
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Consolidation” as from: 06 Feb 2020
2)  The last date of lodgment : 07 Feb 2020
 

Remarks 1:-  Participating Organisations are to take note of the following Share Consolidation exercise by IMPIANA HOTELS BERHAD.

The Share Consolidation comprises the following:-

CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN IMPIANA HOTELS BERHAD (FORMERLY KNOWN AS BIO OSMO BERHAD) ("IMPIANA") INTO 1 ORDINARY SHARES ("SHARE CONSOLIDATION").

In relation to the Share Consolidation undertaken by IMPIANA as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:

a) on or after the Ex-date on 6 February 2020, trading of IMPIANA shares will be based on the newly adjusted share after the Share Consolidation of IMPIANA shares,

b) on the basis of settlement taking place after 7 February 2020 with consolidated IMPIANA shares, any entitled shareholder who owns IMPIANA shares as at Ex-date may sell only up to the maximum IMPIANA shares he expects to receive after the Share Consolidation, i.e. the reduced amount, on or after the Ex-date 6 February 2020.

With the adjustments pursuant to the Share Consolidation effected on IMPIANA shareholders’ CDS account at the end of the Entitlement Date (“Books Closure Date”), an entitled IMPIANA shareholder may use the following basis to estimate the maximum number of IMPIANA  shares that he may sell from the Ex-date until the Book Closing Date which is from 6 February 2020 until 7 February 2020.

Number of  IMPIANA shares that may be     =      Number of shares held  X  0.10  

sold on 6 Februry 2020 until  7 February 2020      (All fractional shares computed should be disregarded)

Illustration:

For example, if Mr X owns or purchases 1000 IMPIANA shares on cum basis on 5 February 2020, his CDS account would still show 1000 IMPIANA shares until 7 February 2020. However, as a results of the above Share Consolidation exercise, Mr X’s 1000 IMPIANA shares in his CDS account will be adjusted to 100 IMPIANA shares on the night of 7 February 2020 which is the Book Closing Date. Therefore, Mr X may, if he so wishes, sells only up to 100 IMPIANA shares on or after the Ex-date i.e. from 6 February 2020  onwards.

Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 6 February 2020 until 7 February 2020, they are only entitled to sell the maximum of 10% of the shares owned before the Ex-date. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their client’s position.

If you need further clarification on the above, kindly contact us at 03-20347222.

Remarks 2:-  The Share Consolidation entails the consolidation of every 10 existing ordinary shares in Impiana into 1 ordinary share ("Consolidated Share") as at 5.00 p.m. on 7 February 2020, being the entitlement date for the Share Consolidation. The actual number of Consolidated Shares to be issued would depend on the number of ordinary shares in Impiana 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 of Impiana in such manner at its absolute discretion as it may deem fit or expedient and in the best interests of the Company. The Consolidated Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 10 February 2020, being the next market day after the entitlement date for the Share Consolidation. The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders for the Share Consolidation within 4 market days after the listing of and quotation for the Consolidated Shares on the Main Market of Bursa Malaysia Securities Berhad.