HEXIND-WA
Adjustment
| SCH GROUP BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENTS TO THE NUMBER AND EXERCISE PRICE OF OUTSTANDING WARRANTS 2016/2021 ("WARRANTS") ("ADJUSTMENTS"), AS A CONSEQUENCE OF THE CONSOLIDATION OF EVERY 3 EXISTING ORDINARY SHARES IN SCH GROUP BERHAD ("SCH" OR THE "COMPANY") ("SCH SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 12 MARCH 2021 INTO 1 SHARE ("ENTITLEMENT DATE") ("SHARE CONSOLIDATION") |
| EX-date | 11 Mar 2021 |
| Entitlement date | 12 Mar 2021 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Aug 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 | 12 Mar 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 : 3.0000 |
| 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 which are not exercised prior to the Entitlement Date will be adjusted in accordance with the provisions of the Deed Poll dated 14 November 2016.
The Warrants will be consolidated on the basis of every 3 Warrants held by the entitled holders of Warrants of the Company (whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date) into 1 Warrant ("Consolidated Warrants").
Fractional entitlements arising from the Adjustments, if any, shall be disregarded and dealt with in such manner as the Board of Directors of the Company in its sole and absolute discretion deems fit and expedient and in the best interests of the Company.
Pursuant to the Adjustments, the existing number of Warrants will be adjusted into a maximum number of 68,613,103 Consolidated Warrants to be issued and allotted to the entitled holders. The actual number of Consolidated Warrants to be issued and allotted would depend on the number of outstanding Warrants which have yet to be exercised into new Shares as at the Entitlement Date.
Further, the existing exercise price of Warrants of RM0.10 each will be revised to RM0.30 each pursuant to the Adjustments.
The Consolidated Warrants will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 15 March 2021, being the next market day following the Entitlement Date.
The notices of allotment for the Consolidated Warrants will be despatched to the entitled holders not later than 4 market days after the date of listing and quotation of the Consolidated Warrants on Bursa Securities. The notice to the holders of Warrants (setting out the details of the Adjustments) will be despatched not later than 8 market days after the date of listing and quotation of the Consolidated Warrants on Bursa Securities.
The Share Consolidation will result in a reduction in the number of Warrants available in the market and the trading price of the Warrants will be adjusted accordingly in proportion to the basis of the Share Consolidation. The holders of Warrants are strongly advised to trade cautiously to prevent overselling of their position in respect of the Warrants held.
This announcement is dated 26 February 2021. |
Announcement Info
| Company Name | SCH GROUP BERHAD |
| Stock Name | SCH-WA |
| Date Announced | 26 Feb 2021 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-26022021-00015 |