TIGER-WB
Adjustment
| TIGER SYNERGY BERHAD |
| EX-date | 01 Jun 2018 |
| Entitlement date | 05 Jun 2018 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Adjustment |
| Entitlement description | TIGER SYNERGY BERHAD ("TSB" OR "COMPANY") ADJUSTMENTS TO THE EXERCISE PRICE AND THE NUMBER OF OUTSTANDING WARRANTS 2013/2018 OF THE COMPANY CONSTITUTED BY THE DEED POLL DATED 18 NOVEMBER 2013 ("DEED POLL 2013/2018") ("WARRANTS 2013/2018") PURSUANT TO THE SHARE CONSOLIDATION OF EVERY 4 EXISTING ORDINARY SHARES IN TSB ("TSB SHARE" OR "SHARE") INTO 1 NEW TSB SHARE ("CONSOLIDATED SHARE") AT 5.00 P.M. ON 5 JUNE 2018 ("ENTITLEMENT DATE") ("ADJUSTMENTS") ("SHARE CONSOLIDATION") |
| Period of interest payment | to |
| Financial Year End | |
| 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 | BINA MANAGEMENT (M) SDN BHD Lot 10, The Highway Centre Jalan 51/205 46050 Petaling Jaya Tel: 03 7784 3922 Fax: 03 7784 1988 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 05 Jun 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 | 4 : 1 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Remarks : |
Following the Share Consolidation, the exercise price and the number of outstanding Warrants 2013/2018 shall be adjusted in accordance with the provisions of the Deed Poll 2013/2018.
Pursuant to the Adjustments, the outstanding Warrants 2013/2018 will be consolidated on the basis of every 4 outstanding Warrants 2013/2018 held by the entitled holders of Warrants 2013/2018 (whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date) into 1 Warrant 2013/2018 ("Consolidated Warrant"). The resulting number of Consolidated Warrants will be rounded down to the nearest whole number. The actual number of Consolidated Warrants to be allotted and issued would depend on the number of outstanding Warrants 2013/2018 which have yet to be exercised into new TSB Shares as at the Entitlement Date.
Pursuant to the Adjustments, the existing exercise price of the outstanding Warrants 2013/2018 of RM0.17 each will be revised to RM0.68 each.
The Consolidated Warrants will be listed and quoted simultaneously with the Consolidated Shares on the Main Market of Bursa Securities on 6 June 2018, being the next market day following the Entitlement Date. The notice to the holders of outstanding Warrants 2013/2018 (setting out the details of the Adjustments and the Consolidated Warrants to be issued pursuant to the Share Consolidation) as well as the notice of allotment of the Consolidated Warrants will be despatched in due course.
Holders of outstanding Warrants 2013/2018 who wish to be entitled to the Share Consolidation should exercise their outstanding Warrants 2013/2018 by lodging their duly completed exercise forms together with the subscription monies with TSB's share registrar on or before 5.00 p.m. on 24 May 2018 for their names to appear on the Record of Depositors at 5.00 p.m. on the Entitlement Date.
This announcement is dated 21 May 2018. |
Announcement Info
| Company Name | TIGER SYNERGY BERHAD |
| Stock Name | TIGER-WB |
| Date Announced | 21 May 2018 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-17052018-00009 |