EDUSPEC
Share Consolidation
| EDUSPEC HOLDINGS BERHAD |
| Entitlement subject | Share Consolidation |
| Entitlement description | Consolidation of every 2 existing ordinary shares in Eduspec Holdings Berhad ("Eduspec" or the "Company") ("Eduspec Shares") into 1 Eduspec Share ("Consolidated Share") ("Share Consolidation") |
| Ex-Date | 25 Aug 2020 |
| Entitlement date | 26 Aug 2020 |
| Entitlement time | 5:00 PM |
| Financial Year End | 28 Feb 2021 |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 26 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) |
|
| Entitlement indicator | Ratio |
| Par Value (if applicable) | |
Entitlement Details
| Company Name | Ratio (New : Existing) |
Available/Listing Date | Fractional Entitlement |
| EDUSPEC HOLDINGS BERHAD | 1.0000 : 2.0000 | 27 Aug 2020 | 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 : |
The Share Consolidation involves the consolidation of every 2 existing Eduspec Shares into 1 Consolidated Share as at 5.00 p.m. on 26 August 2020, being the entitlement date for the Share Consolidation.
The actual number of Consolidated Shares to be issued would depend on the issued share capital of Eduspec on the entitlement date, after taking into consideration any new Eduspec Shares that may be issued pursuant to the exercise and/or conversion of any outstanding convertible securities.
Fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and/or dealt with by the Board of Directors of the Company ("Board") in such manner at its absolute discretion as it may deem fit and expedient or in the best interests of the Company.
The Consolidated Shares will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 27 August 2020, being the next market day after the entitlement date for the Share Consolidation.
The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders within 4 market days after the listing of and quotation for the Consolidated Shares on the ACE Market of Bursa Securities.
This announcement is dated 11 August 2020. |
Announcement Info
| Company Name | EDUSPEC HOLDINGS BERHAD |
| Stock Name | EDUSPEC |
| Date Announced | 11 Aug 2020 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-11082020-00009 |
| Corporate Action ID | MY200811SPLR0001 |