KOMARK-WC

0.000

(%)

Adjustment

KOMARKCORP BERHAD

Entitlement subject Adjustment
Entitlement description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2021 / 2024 OF KOMARKCORP BERHAD (''KOMARKCORP'' OR THE ''COMPANY'') (''WARRANTS C'') IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 6 JANUARY 2021 CONSTITUTING THE WARRANTS C (''DEED POLL C'') PURSUANT TO THE SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY 10 EXISTING ORDINARY SHARES IN KOMARKCORP ("KOMARKCORP SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 10 FEBRUARY 2021 (''BOOKS CLOSURE DATE'') INTO 18 SHARES (''SPLIT SHARES'') (''SHARE SPLIT'') (''ADJUSTMENTS'')
EX-date 09 Feb 2021
Entitlement date 10 Feb 2021
Entitlement time 5:00 PM
Financial Year End 30 Apr 2021
Period of interest payment   to  
Share transfer book & register of members will be   to   closed from (both dates inclusive) for the purpose of determining the entitlement
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 10 Feb 2021
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 8.0000 : 10.0000
Rights Issue/Offer Price
Par Value (if applicable)
Registrar or Service Provider name, address, telephone no BOARDROOM.COM SDN BHD
Level 5, Block B
Dataran PHB, Saujana Resort

Section U2

40150 Shah Alam

Selangor

Malaysia

Tel:0378900638
Fax:0378901032


Remarks :
Consequential to the Share Split, the exercise price and total number of outstanding Warrants C which are not exercised prior to the Books Closure Date will be adjusted in accordance with the provisions of the Deed Poll C.

Pursuant to the Adjustments, holders of Warrants C (''Warrant C Holders'') whose names appear in the Record of Depositors for the Warrants C as at 5.00 p.m. on the Books Closure Date will be entitled to receive additional Warrants C ("Additional Warrants C") on the basis of 8 Additional Warrants C for every 10 existing Warrants C held.

Fractional entitlements arising from the Adjustments, if any, shall be disregarded and/or dealt with by the Board of Directors of the Company ("Board") in such manner as the Board in its absolute discretion deems fit and expedient in the best interests of the Company. The exact number of Additional Warrants C to be issued will depend on the number of outstanding Warrants C as at 5.00 p.m. on the Books Closure Date.

The Additional Warrants C will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 11 February 2021, being the next market day following the Books Closure Date.

Pursuant to the Adjustments, the exercise price of the Warrants C will be adjusted from RM1.00 to RM0.56.

A notification to the Warrant C Holders setting out details of the Adjustments will be despatched to the Warrant C Holders in due course.

Warrant C Holders who wish to be entitled to the Share Split must exercise their Warrants C to subscribe for new Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Company's Share Registrar (at the address stated above) on or before 5.00 p.m. on 29 January 2021 such that their names will appear in the Record of Depositors for the Shares as at 5.00 p.m. on the Books Closure Date.

This announcement is dated 25 January 2021.


Announcement Info

Company Name KOMARKCORP BERHAD
Stock Name KOMARK-WC
Date Announced 25 Jan 2021
Category Entitlement(Notice of Book Closure)
Reference Number ENT-25012021-00005