MBL-WA

0.080

+0.01 (+14.3%)

MBL-WA - Notice of Book Closure

MUAR BAN LEE GROUP BERHAD

Adjustments to the exercise price and number of outstanding warrants 2012/2022 in Muar Ban Lee Group Berhad ("MBL") in accordance with the deed poll dated 12 October 2012 ("Deed Poll") ("Warrants-A") pursuant to the Bonus issue of up to 147,126,980 new ordinary shares in MBL ("MBL Share(s)") "("Bonus Share(s)") on the basis of one (1) Bonus Share for every one (1) existing MBL Share held ("Bonus Issue")
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 3 Sep 2020
2)  The last date of lodgment : 4 Sep 2020

 

Remarks 1:

 

"Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 4 September 2020 with adjustment to the number of outstanding MBL-WA shares, any shareholder who is entitled to receive MBL-WA additional shares may now sell any or all of his MBL-WA shares arising from adjustment pursuant to the bonus issue beginning the Ex-Date (3 September 2020).

 

For example, if Mr X purchases 100 MBL-WA shares on cum basis on 2 September 2020, Mr X should receive 100 MBL-WA shares on 4 September 2020. Pursuant to the Bonus share, a total of 200 MBL-WA shares will be credited into Mr X's CDS account on the night of  4 September 2020 being the Book Closing Date. Therefore, Mr X can sell the MBL-WA shares of 200 on or after the Ex-Date i.e. from  3 September 2020."

 

Remarks 2:

Following the Bonus Issue, the exercise price and number of outstanding Warrants-A shall be adjusted in accordance with the provisions of the Deed Poll ("Adjustments"). Additional Warrants-A arising from the Adjustments will be allotted and issued to the holders of Warrants-A whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date. The actual number of additional Warrants-A to be issued and allotted would depend on the outstanding number of Warrants-A which have yet to be exercised into new MBL Shares as at the Entitlement Date. The additional Warrants-A will be listed and quoted simultaneously with the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad on 7 September 2020, being the next market day immediately after the Entitlement Date. The notice to the holders of Warrants-A setting out the details of the Adjustments as well as the notice of allotment of the additional Warrants-A will be despatched in due course. Holders of Warrants-A who wish to be entitled to the Bonus Shares shall exercise their rights to subscribe for new MBL Shares by lodging their duly completed exercise forms together with the relevant subscription monies with MBL's share registrar (at the address stated above) on or before 5.00 p.m. on 21 August 2020 such that their names will appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date.

 


Announcement Info

Company Name MUAR BAN LEE GROUP BERHAD
Stock Name MBL-WA
Date Announced 19 Aug 2020
Category Listing Circular
Reference Number ILC-19082020-00004