LAMBO-WA
Adjustment
Amended Announcements
Please refer to the earlier announcement reference number: ENT-12022018-00004
| ACCSOFT TECHNOLOGY BERHAD |
| EX-date | 01 Mar 2018 |
| Entitlement date | 05 Mar 2018 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENT TO THE NUMBER OF OUTSTANDING WARRANTS 2016/2019 OF ACCSOFT TECHNOLOGY BERHAD ("ACCSOFT" OR THE "COMPANY") ("WARRANTS") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 9 DECEMBER 2015 CONSTITUTING THE WARRANTS ("DEED POLL") PURSUANT TO THE SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY 10 EXISTING ORDINARY SHARES IN ACCSOFT ("ACCSOFT SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 5 MARCH 2018 ("BOOKS CLOSURE DATE") INTO 25 SHARES ("SHARE SPLIT") ("ADJUSTMENT"). |
| Period of interest payment | to |
| Financial Year End | 31 Dec 2018 |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| Registrar or Service Provider name, address, telephone no | SHAREWORKS SDN BHD No. 2-1, Jalan Sri Hartamas 8 Sri Hartamas 50480 Kuala Lumpur Tel:03 6201 1120 Fax:03 6201 3121 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 05 Mar 2018 |
| 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 | 15 : 10 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Remarks : |
With reference to the announcement dated 12 February 2018 (reference number: ENT-12022018-00004), the entitlement subject should be "Adjustment" instead of "Subdivision"; and the ratio should be "15 : 10" instead of "10 : 25".
Arising from the migration to the no par value regime under the Companies Act 2016, par value is no longer relevant.
Consequential to the Share Split, the number of outstanding Warrants which are not exercised prior to the Books Closure Date will be adjusted in accordance with the provisions of the Deed Poll. Pursuant to the Adjustment, up to 480,090,600 additional Warrants arising from the Adjustment will be allotted and issued on the basis of 15 Warrants for every 10 Warrants held by the entitled holders of Warrants ("Warrant Holders"), whose names appear in the Record of Depositors for the Warrants at 5.00 p.m. on the Books Closure Date.
Warrant Holders who wish to be entitled to the Share Split must exercise their Warrants to subscribe for new Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Companys Share Registrar (at the address stated above) on or before 5.00 p.m. on 26 February 2018 such that their names will appear in the Record of Depositors for the Shares at 5.00 p.m. on the Books Closure Date.
Fractional entitlements arising from the Adjustment, if any, shall be disregarded and/or shall be 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 exact number of additional Warrants to be issued will depend on the number of outstanding Warrants as at 5.00 p.m. on the Books Closure Date.
The additional Warrants will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 6 March 2018, being the next market day following the Books Closure Date.
Pursuant to the provisions of the Deed Poll, the exercise price of the Warrants will remain unchanged at RM0.10.
A notification to the Warrant Holders setting out details of the Adjustment will be despatched to the Warrant Holders in due course.
This amended announcement is dated 19 February 2018. |
Announcement Info
| Company Name | ACCSOFT TECHNOLOGY BERHAD |
| Stock Name | ACCSOFT-WA |
| Date Announced | 19 Feb 2018 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-19022018-00006 |