FINTEC-WA

0.015

-0.005 (-25%)

FINTEC-WA - Notice of Book Closure

FINTEC GLOBAL BERHAD

ADJUSTMENT TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2014/2024 OF FINTEC GLOBAL BERHAD (''FINTEC'' OR THE ''COMPANY'') (''WARRANTS A'') IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 17 MARCH 2014 CONSTITUTING THE WARRANTS A (''DEED POLL A'') PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,971,299,066 NEW ORDINARY SHARES IN FINTEC (''FINTEC SHARES'' OR ''SHARES'') (''RIGHTS SHARES'') AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE TOGETHER WITH UP TO 1,577,039,252 FREE DETACHABLE WARRANTS IN FINTEC (''WARRANTS C'') ON THE BASIS OF 5 RIGHTS SHARES TOGETHER WITH 4 FREE WARRANTS C FOR EVERY 5 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 25 NOVEMBER 2020 ("RIGHTS ISSUE WITH WARRANTS")("ADJUSTMENTS").
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 24 Nov 2020
2)  The last date of lodgment : 25 Nov 2020
 

Remarks :
The Notice of Book Closure in relation to the Rights Issue with Warrants had been announced by the Company separately today.

 

Holders of outstanding Warrants A (''Warrant A Holders'') who wish to be entitled to the Rights Shares with Warrants C should exercise their rights to subscribe for new Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar, Tricor Investor & Issuing House Services Sdn Bhd, on or before 5.00 p.m. on 13 November 2020. This is to enable the new Shares arising from such exercise to be allotted to the respective Warrant A Holders such that their names will appear on the Record of Depositors of the Company by 5.00 p.m. on 25 November 2020.

 

The Warrant A Holders who have not exercised their outstanding Warrants A by 5.00 p.m. on 13 November 2020 and whose names appear in the Record of Depositors for the outstanding Warrants A as at 5.00 p.m. on 25 November 2020 would be entitled to the Adjustments.

 

The entitlement ratio indicated above is for illustration only based on the Base Case Scenario as set out in the circular to shareholders of the Company in relation to, amongst others, the Rights Issue with Warrants dated 9 October 2020. The actual number of additional Warrants A to be issued and the adjusted exercise price of the Warrants A pursuant to the Adjustments shall be finalised at a later date prior to the listing and quotation of the Rights Shares with Warrants C.

 

The notice of allotment for the additional Warrants A arising from the Adjustments will be despatched to the Warrant A Holders by 22 December 2020. The notice to Warrant A Holders (setting out details of the Adjustments) will be despatched in due course.

 


Announcement Info

Company Name FINTEC GLOBAL BERHAD
Stock Name FINTEC-WA
Date Announced 12 Nov 2020
Category Listing Circular
Reference Number ILC-12112020-00005