LAMBO-WB

Adjustment

LAMBO GROUP BERHAD

Entitlement subject Adjustment
Entitlement description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2019 / 2024 OF LAMBO GROUP BERHAD ("LAMBO" OR THE "COMPANY") ("WARRANTS B") AS SPECIFIED IN THE DEED POLL DATED 15 APRIL 2019 ("DEED POLL B") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,207,787,815 NEW ORDINARY SHARES IN LAMBO ("LAMBO SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE TOGETHER WITH UP TO 483,115,126 FREE DETACHABLE WARRANTS IN LAMBO ("WARRANTS C") ON THE BASIS OF 5 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 12 AUGUST 2021 ("RIGHTS ISSUE WITH WARRANTS") ("ADJUSTMENTS")
EX-date 11 Aug 2021
Entitlement date 12 Aug 2021
Entitlement time 5:00 PM
Financial Year End
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 12 Aug 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 1.5714 : 1.0000
Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.0000
Par Value (if applicable)
Registrar or Service Provider name, address, telephone no SHAREWORKS SDN BHD
No. 2-1, Jalan Sri Hartamas 8
Sri Hartamas

50480 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0362011120
Fax:0362013121


Remarks :
The Notice of Book Closure in relation to the Rights Issue with Warrants had been announced by the Company separately today.

Holders of outstanding Warrants B ("Warrant B Holders") who wish to be entitled to the Rights Shares with Warrants C must exercise their rights to subscribe for new Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar, ShareWorks Sdn Bhd, on or before 5.00 p.m. on 4 August 2021. This is to enable the new Shares arising from such exercise to be allotted to the respective Warrant B Holders such that their names will appear on the Record of Depositors of the Company by 5.00 p.m. on 12 August 2021.

The Warrant B Holders who have not exercised their outstanding Warrants B by 5.00 p.m. on 4 August 2021 and whose names appear in the Record of Depositors for the outstanding Warrants B as at 5.00 p.m. on 12 August 2021 would be entitled to the Adjustments.

The entitlement ratio indicated above is for illustration only based on the Base Case Scenario as set out in the circular to shareholders of the Company in relation to, amongst others, the Rights Issue with Warrants dated 24 June 2021. The actual number of additional Warrants B to be issued and the adjusted exercise price of the Warrants B pursuant to the Adjustments shall be finalised at a later date prior to the listing and quotation of the Rights Shares with Warrants C.

The additional new Warrants B will be listed and quoted simultaneously with the Rights Shares and Warrants C. The notice to Warrant B Holders (setting out details of the Adjustments) and the notice of allotment for the additional Warrants B will be despatched in due course.

This announcement is dated 28 July 2021.


Announcement Info

Company Name LAMBO GROUP BERHAD
Stock Name LAMBO-WB
Date Announced 28 Jul 2021
Category Entitlement(Notice of Book Closure)
Reference Number ENT-28072021-00002


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