LBS-WB - Notice of Book Closure

Adjustments to the exercise price and number of outstanding Warrants 2015/2020 of LBS Bina Group Berhad ("LBGB") ("Warrants B") constituted by a deed poll dated 3 September 2015 ("Deed Poll") which governs the terms and conditions of the Warrants B pursuant to the subdivision of every 1 existing ordinary share in LBGB into 2 ordinary shares in LBGB ("Subdivided Share(s)") ("Subdivision") and the bonus issue of up to 162,993,550 new ordinary shares in LBGB ("Bonus Share(s)"), on the basis of 1 Bonus Share for every 10 Subdivided Shares held by the shareholders of LBGB at 5.00 p.m. on 26 February 2018 ("Entitlement Date") ("Bonus Issue") ("Corporate Exercises") ("Adjustments").

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 22 Feb 2018
2)  The last date of lodgment : 26 Feb 2018

Remarks 1: "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 26 February 2018 with adjustment to the number of outstanding LBS-WB shares, any shareholder who is entitled to receive LBS-WB additional shares may now sell any or all of his LBS-WB shares arising from adjustment pursuant to the Subdivision and  Bonus Issue beginning the Ex-Date (22 February 2018). 

For example, if Mr X purchases 100 LBS-WB shares on cum basis on 21 February 2018, Mr X should receive 100 shares on 26 February 2018. Pursuant to the Subdivision and Bonus Issue, a total of 220 LBS-WB shares will be credited into Mr X's CDS account on the night of 26 February 2018 being the Book Closing Date. Therefore, Mr X can sell the LBS-WB shares of 220 on or after the Ex-Date i.e. from 22 February 2018 onwards." 

Remarks 2: The terms used herein shall, unless the context otherwise states, bear the same meaning as those defined in the circular to shareholders dated 21 December 2017 in relation to the Corporate Exercises. The notices of book closure date in relation to the Subdivision and Bonus Issue have been announced separately on 7 February 2018. Holders of the Warrants B ("Warrant B Holders") who wish to be entitled to the Subdivision and Bonus Issue should exercise their Warrants B by lodging their duly completed exercise forms together with the relevant subscription monies with LBGB's share registrar on or before 5.00 p.m. on 14 February 2018 such that their names will appear on the Record of Depositors at 5.00 p.m. on the Entitlement Date. Up to 67,316,805 additional Warrants B will be issued and allotted pursuant to the Adjustments. The exact number of additional Warrants B to be issued and allotted will depend on the number of outstanding Warrants B as at the Entitlement Date. The additional Warrants will be listed and quoted on the Main Market of Bursa Securities simultaneously with the Subdivided Shares and Bonus Shares on 27 February 2018, being the next market day immediately after the Entitlement Date. LBGB's share registrar will issue and despatch the notice to Warrant B Holders setting out the details of the Adjustments and notice of allotment for the additional Warrants B in due course.