Bonus Issue
| ACOUSTECH BERHAD |
| Entitlement subject | Bonus Issue |
| Entitlement description | BONUS ISSUE OF UP TO 97,211,700 WARRANTS ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ACOUSTECH SHARES HELD BY THE ENTITLED SHAREHOLDERS OF ACOUSTECH AT 5.00P.M. ON 7 AUGUST 2020 ("BONUS ISSUE OF WARRANTS") |
| Shareholder's Approval | No |
| Ex-Date | 06 Aug 2020 |
| Entitlement date | 07 Aug 2020 |
| Entitlement time | 5:00 PM |
| Financial Year End | |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| Securities Crediting Date | |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 07 Aug 2020 |
| 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) |
97,211,700 |
| Entitlement indicator | Ratio |
| Par Value (if applicable) | |
| Securities Entitlement | |
| Company Name |
ACOUSTECH BERHAD |
| Entitlement |
Warrants |
| Ratio (New : Existing) | 1.0000 : 2.0000 |
| Available/Listing Date | |
| 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 : |
(Unless otherwise stated, the defined terms used in this announcement shall carry the same meaning as those defined in the circular to shareholders of Acoustech Berhad dated 11 June 2020.) Fractional entitlements of the Warrants arising from the Bonus Issue of Warrants, if any, will be disregarded and shall be dealt with in such manner as the Board shall in its absolute discretion deem fit and expedient, and in the best interest of the Company. The Warrants will be credited into the entitled shareholders central depository system accounts and notices of allotment will be issued and despatched to the address as per the Record of Depositors prior to the date of listing of the Warrants. Entitled Shareholders are not required to take any action. The admission and the listing of the Warrants on the Main Market of Bursa Securities will take place two (2) market days upon receipt of the application for quotation of Warrants by Bursa Securities. This announcement is dated 23 July 2020. |
Announcement Info
| Company Name | ACOUSTECH BERHAD |
| Stock Name | ACOSTEC |
| Date Announced | 23 Jul 2020 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-23072020-00005 |
| Corporate Action ID | MY200723BONU0001 |