Adjustment
| BORNEO AQUA HARVEST BERHAD |
| EX-date | 06 Dec 2018 |
| Entitlement date | 10 Dec 2018 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Adjustment |
| Entitlement description | Adjustments to the exercise price and number of outstanding Warrants 2017/2024 of Borneo Aqua Harvest Berhad ("BAHVEST") (Warrants) constituted by a deed poll dated 2 August 2017 ("Deed Poll") which governs the terms and conditions of the Warrants pursuant to the bonus issue of up to 938,995,138 new ordinary shares in BAHVEST ("Bonus Share(s)"), on the basis of 1 Bonus Share for every 1 existing ordinary share held in BAHVEST at 5.00 p.m. on 10 December 2018 ("Entitlement Date") (Bonus Issue) ("Adjustment") |
| Period of interest payment | to |
| Financial Year End | 31 Mar 2019 |
| 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 | SECURITIES SERVICES (HOLDINGS) SDN BHD Level 7, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara Damansara Heights 50490 Kuala Lumpur. Tel:03 20849000 Fax:03 20949940 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 10 Dec 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 : 1 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Remarks : |
Holders of the Warrants ("Warrant Holders") who wish to be entitled to the Bonus Issue should exercise their Warrants by lodging their duly completed exercise forms together with the relevant subscription monies with BAHVESTs share registrar on or before 5.00 p.m. on 26 November 2018 such that their names will appear on the Record of Depositors at 5.00 p.m. on the Entitlement Date.
Up to 299,997,878 additional Warrants will be issued and allotted pursuant to the Adjustment. The exact number of additional Warrants to be issued and allotted will depend on the number of outstanding Warrants as at the Entitlement Date.
The additional Warrants will be listed and quoted on the ACE Market of Bursa Securities simultaneously with the Bonus Shares on 11 December 2018, being the next market day immediately after the Entitlement Date.
BAHVEST's share registrar will issue and despatch the notice to Warrant Holders setting out the details of the Adjustment and notice of allotment for the additional Warrants in due course.
This announcement is dated 23 November 2018 |
Announcement Info
| Company Name | BORNEO AQUA HARVEST BERHAD |
| Stock Name | BAHVEST-WA |
| Date Announced | 23 Nov 2018 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-23112018-00004 |