Adjustment
P.A. RESOURCES BERHAD |
Entitlement subject | Adjustment |
Entitlement description | ADJUSTMENTS TO THE NUMBER AND EXERCISE PRICE OF OUTSTANDING WARRANTS 2017/2022 ("WARRANT(S) B") AS SPECIFIED IN THE DEED POLL DATED 08 NOVEMBER 2017 ("DEED POLL"), AS A CONSEQUENCE OF THE SHARE CONSOLIDATION OF EVERY 2 EXISTING ORDINARY SHARES IN P.A. RESOURCES BERHAD ("PARB") ("PARB SHARE(S)") INTO 1 PARB SHARE ("CONSOLIDATED SHARE(S)") AS AT 5.00 P.M. ON 9 FEBRUARY 2021 ("SHARE CONSOLIDATION") |
EX-date | 08 Feb 2021 |
Entitlement date | 09 Feb 2021 |
Entitlement time | 5:00 PM |
Financial Year End | 30 Jun 2021 |
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 | 09 Feb 2021 |
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 : 2.0000 |
Rights Issue/Offer Price | |
Par Value (if applicable) |
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 : |
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. The Warrants B will be consolidated on the basis of every 2 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 PARB Shares as at the Entitlement Date. Holders of outstanding Warrants B who wish to be entitled to the Share Consolidation should exercise their Warrants B by lodging their duly completed Warrants B exercise forms together with the relevant exercise subscription monies with the Share Registrar, Tricor Investor & Issuing House Services Sdn Bhd, on or before 5.00p.m. on 25 January 2021. This is to enable their names to appear on the Company's Record of Depositors by 5.00p.m. on 9 February 2021. Pursuant to the Adjustments, the existing exercise price of Warrants B of RM0.06 each will be revised to RM0.12 each. The date of the listing and quotation for the Consolidated Warrants B on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") shall be on 10 February 2021, being the next market date immediately after the Entitlement Date. The notices of allotment of the Consolidated Warrants B will be issued and despatched to all the Entitled Holders within 4 market days after the date of the listing and quotation for the Consolidated Warrants B on the Main Market of 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. This announcement is dated 21 January 2021. |
Announcement Info
Company Name | P.A. RESOURCES BERHAD |
Stock Name | PA-WB |
Date Announced | 21 Jan 2021 |
Category | Entitlement(Notice of Book Closure) |
Reference Number | ENT-21012021-00005 |