MLAB-WA
Adjustment
| MLABS SYSTEMS BERHAD |
| EX-date | 09 Aug 2017 |
| Entitlement date | 11 Aug 2017 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2010/2020 ("WARRANTS A") AS SPECIFIED IN THE DEED POLL DATED 18 MARCH 2010 ("DEED POLL A") AS A CONSEQUENCE OF THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 528,169,300 NEW ORDINARY SHARES IN MLABS SYSTEMS BERHAD ("MLABS") ("MLABS SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.15 PER RIGHTS SHARE TOGETHER WITH UP TO 264,084,650 FREE DETACHABLE WARRANTS IN MLABS ("WARRANTS B") ON THE BASIS OF TWO (2) RIGHTS SHARES TOGETHER WITH ONE (1) FREE WARRANT B FOR EVERY ONE (1) EXISTING MLABS SHARE HELD BY THE ENTITLED SHAREHOLDERS OF MLABS AT 5.00 P.M. ON 11 AUGUST 2017 ("ENTITLED SHAREHOLDERS") ("RIGHTS ISSUE WITH WARRANTS") ("ADJUSTMENTS") |
| Period of interest payment | to |
| Financial Year End | 31 Mar 2017 |
| 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 | 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 59200Kuala Lumpur Tel:0327839299 Fax:0327839222 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 11 Aug 2017 |
| 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 | 128.8981 : 1000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| 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 A (Warrant A Holders) who wish to be entitled to the Rights Shares with Warrants B should exercise their rights to subscribe for new MLABS Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar, Tricor Investor & Issuing House Services Sdn Bhd, on or before 5.00 p.m. on 31 July 2017. This is to enable the new MLABS Shares arising from such exercise to be allotted to the respective Warrant A Holders such that their names will appear on the Record of Depositors for MLABS Shares by 5.00 p.m. on 11 August 2017. The Warrant A Holders who have not exercised their Warrants A by 5.00 p.m. on 31 July 2017 and whose names appear in the Record of Depositors for Warrants A as at 5.00 p.m. on 11 August 2017 would be entitled to the Adjustments. The notice of allotment for the additional Warrants A arising from the Adjustments will be despatched to the Warrant A Holders by 11 September 2017. The notice to Warrant A Holders (setting out details of the Adjustments) will be despatched in due course. This announcement is dated 28 July 2017. |
Announcement Info
| Company Name | MLABS SYSTEMS BERHAD |
| Stock Name | MLAB-WA |
| Date Announced | 28 Jul 2017 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-28072017-00006 |