VS-WA

Adjustment

V.S. INDUSTRY BERHAD

EX-date 04 May 2018
Entitlement date 08 May 2018
Entitlement time 05:00 PM
Entitlement subject Adjustment
Entitlement description ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS IN V.S. INDUSTRY BERHAD ("VS") ("WARRANTS-A") CONSTITUTED BY THE DEED POLL 15 DECEMBER 2015 PURSUANT TO THE BONUS ISSUE OF UP TO 397,463,884 NEW ORDINARY SHARES IN VS ("VS SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING VS SHARES HELD AS AT 5:00 PM ON 8 MAY 2018 ("ENTITLEMENT DATE")
Period of interest payment   to  
Financial Year End 31 Jul 2018
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 08 May 2018
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 : 4
Rights Issue/Offer Price
Par Value (if applicable)


Remarks :
Warrant-A holders who have lodged their duly completed Exercise Notice together with the exercise monies with the Share Registrar of the Company, Tricor Investor & Issuing House Services Sdn Bhd by 5.00 p.m. on or before 27 April 2018 will not be entitled to the Adjustment of Warrants.

Following the Bonus Issue, the exercise price of Warrants A will be adjusted from RM1.65 to RM1.32 (indicative) each in accordance with the provisions of the Deed Poll. 

The final adjusted exercise price and final number of additional Warrants A to be issued consequential to the Bonus Issue will be effected in accordance with the provisions of the Deed Poll to the entitled Warrants-A holders whose names appear in the Record of Depositor as at 5.00 p.m. 8 May 2018. The entitlement ratio and adjusted exercise price illustrated above are indicative only and are subject to final adjustments.

The final number of additional Warrants A to be issued and allotted will depend on the number of outstanding Warrants A which have yet to be exercised as at the Entitlement Date. The notice to Warrants A holders setting out the details of the adjustments and the notice of allotment of the additional Warrants A will be despatched in due course. 

This announcement is dated 23 April 2018.


Announcement Info

Company Name V.S. INDUSTRY BERHAD
Stock Name VS-WA
Date Announced 23 Apr 2018
Category Entitlement(Notice of Book Closure)
Reference Number ENT-23042018-00005


View original