MINHO-WC

0.005

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MINHO-WC - Notice of Book Closure

MINHO (M) BERHAD

Adjustment to the exercise price and number of outstanding warrants 2016/ 2021 in the Company constituted by the deed poll dated 15 July 2016 ("Deed Poll C") ("Warrants C") pursuant to the bonus issue of up to 181,254,150 new ordinary shares in the Company ("Bonus Share(s)") on the basis of 11 Bonus Shares for every 20 existing ordinary shares in the Company ("Bonus Issue"), held by the shareholders as at 5.00 p.m. on 18 December 2018 ("Entitlement Date") in accordance with the provisions of the Deed Poll C
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 14 Dec 2018
2)  The last date of lodgment : 18 Dec 2018
 

Remarks 1:"Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 18 December 2018 with bonus issue of  MINHO-WC shares, any shareholder who is entitled to receive MINHO-WC bonus issue shares, may sell any or all of his MINHO-WC shares arising from the bonus issue beginning the Ex-Date (14 December 2018).

For example, if Mr X purchases 200 MINHO-WC  shares on cum basis on 13 December 2018, Mr X should receive 200 shares on 18 December 2018. As a result of the bonus issue, a total of 310 MINHO-WC shares will be credited into Mr X's CDS account on the night of 18 December 2018 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 310 on or after the Ex-Date ie from 14 December 2018 onwards."

 

Remarks 2: The exercise price and the number of outstanding Warrants C will be adjusted in accordance with the provisions of the Deed Poll C, as a consequence of the Bonus Issue, and that the said adjustments will take effect from 19 December 2018, being the next market day immediately after the Entitlement Date. The additional Warrants C arising from the adjustment consequential to the Bonus Issue ("Additional Warrants C") will be allotted and issued to the entitled Warrant C holders of the Company whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date. The final number of Additional Warrants C to be issued and allotted will depend on the number of outstanding Warrants C which have yet to be exercised as at the Entitlement Date. The Additional Warrants C will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad simultaneously with the Bonus Shares on 19 December 2018, being the next market day immediately after the Entitlement Date. The notice to Warrant C holders setting out the details of the adjustments and the notice of allotment of the Additional Warrants C will be despatched in due course. Warrant C holders who wish to be entitled to the Bonus Issue should exercise their Warrants C by lodging their duly completed exercise forms together with the relevant subscription monies with the Company's Share Registrar on or before 5.00 p.m. on Monday, 10 December 2018 such that their names will appear on the Record of Depositors at 5.00 p.m. on the Entitlement Date. 

 


Announcement Info

Company Name MINHO (M) BERHAD
Stock Name MINHO-WC
Date Announced 05 Dec 2018
Category Listing Circular
Reference Number ILC-05122018-00003