DOLPHIN-WA
Adjustment
| DOLPHIN INTERNATIONAL BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2016/2021 ("WARRANTS-A") AS SPECIFIED IN THE DEED POLL DATED 10 MARCH 2016 CONSTITUTING THE WARRANTS-A ("DEED POLL A") AS A CONSEQUENCE OF THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 412,087,515 NEW ORDINARY SHARES IN DOLPHIN ("DOLPHIN SHARES") ("RIGHTS SHARES") TOGETHER WITH UP TO 247,252,509 FREE DETACHABLE WARRANTS ("WARRANTS-B") AT AN ISSUE PRICE OF RM0.06 PER RIGHTS SHARE ON THE BASIS OF 5 RIGHTS SHARES FOR EVERY 4 EXISTING DOLPHIN SHARES HELD BY THE ENTITLED SHAREHOLDERS AT 5.00 P.M. ON 24 JULY 2020 ("ENTITLEMENT DATE") TOGETHER WITH 3 WARRANTS-B FOR EVERY 5 RIGHTS SHARES SUBSCRIBED ("RIGHTS ISSUE") ("ADJUSTMENTS") |
| EX-date | 23 Jul 2020 |
| Entitlement date | 24 Jul 2020 |
| Entitlement time | 5:00 PM |
| Financial Year End | 30 Jun 2020 |
| 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 | 24 Jul 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 |
| Ratio | 0.2689 : 1.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
BOARDROOM SHARE REGISTRARS SDN BHD 11th Floor, Menara Symphony No. 5, Jalan Prof. Khoo Kay Kim (Jalan Semangat) Seksyen 13 46200 Petaling Jaya Selangor Malaysia Tel:03-7890 4700 Fax:03-7890 4670 |
| Remarks : |
The notice of book closure in relation to the Rights Issue had been announced by Dolphin separately today.
Holders of outstanding Warrants-A ("Warrants-A Holders") who wish to be entitled to the Rights Issue should exercise their rights to subscribe for new Dolphin Shares by lodging their duly completed exercise forms together with the subscription monies with Dolphin's share registrar, Boardroom Share Registrars Sdn Bhd, on or before 5:00 p.m. on 17 July 2020. This is to enable the new Dolphin Shares arising from such exercise to be allotted to the respective Warrants-A Holders such that their names will appear on the Record of Depositors as at 5:00 p.m. on 24 July 2020.
The Warrants-A Holders who have not exercised their outstanding Warrants-A and whose names appear in the Record of Depositors for the outstanding Warrants-A as at 5:00 p.m. on 24 July 2020 would be entitled to the Adjustments.
Fractional entitlements arising from the Adjustments, if any, will be disregarded and/or shall be dealt with by the Board of Directors of the Company ("Board") in such manner as the Board in its absolute discretion deems fit and expedient or in the best interest of the Company.
The additional Warrants-A will be listed and quoted simultaneously with the Rights Shares and Warrants-B. The notice to Warrants-A Holders setting out the details of the adjustments to the Warrants-A and the notice of allotment of additional Warrants-A will be despatched to the Warrants-A Holders in due course.
This announcement is dated 10 July 2020. |
Announcement Info
| Company Name | DOLPHIN INTERNATIONAL BERHAD |
| Stock Name | DOLPHIN-WA |
| Date Announced | 10 Jul 2020 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-08072020-00001 |