Adjustment
| PANSAR BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENTS TO THE EXERCISE PRICE OF OUTSTANDING WARRANTS 2018/2023 IN PANSAR BERHAD ("PANSAR" OR THE "COMPANY") ("WARRANTS 2018/2023") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 21 MAY 2018 ("DEED POLL") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 346,500,000 NEW REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN PANSAR ("RCPS"), ON THE BASIS OF 1 RCPS FOR EVERY 2 EXISTING ORDINARY SHARES IN PANSAR HELD BY THE ENTITLED SHAREHOLDERS AS AT 5.00 P.M. ON MONDAY, 8 MARCH 2021 AT AN ISSUE PRICE OF RM0.53 PER RCPS ("RIGHTS ISSUE") ("ADJUSTMENTS") |
| EX-date | 05 Mar 2021 |
| Entitlement date | 08 Mar 2021 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Mar 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 | 08 Mar 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 | : |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
METRA MANAGEMENT SDN BHD 35th Floor, Menara Multi-Purpose Capital Square No. 8 Jalan Munshi Abdullah 50100 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:03 2698 3232 Fax:03 2698 0313 |
| Remarks : |
Holders of Warrants 2018/2023 are advised to refer to the Company's relevant announcements and notice of book closure in relation to the Rights Issue dated 22 February 2021. Following the Rights Issue, the exercise price of the Warrants 2018/2023 shall be adjusted in accordance with the provisions of the Deed Poll. The adjusted exercise price of the Warrants 2018/2023 pursuant to the Adjustments shall be finalised at a later date prior to the listing of and quotation for the RCPS. The notice to Warrants 2018/2023 Holders (setting out details of the Adjustments) will be despatched in due course. Holders of Warrants 2018/2023 who wish to be entitled to the Rights Issue must exercise their rights to subscribe for new Pansar Shares by lodging their duly completed exercise forms together with relevant subscription monies with Pansar's Share Registrar (at the address stated above) on or before 5.00 p.m. on 25 February 2021 such that their names will appear in the Record of Depositors for Pansar Shares at 5.00 p.m. on the Entitlement Date. |
Announcement Info
| Company Name | PANSAR BERHAD |
| Stock Name | PANSAR-WA |
| Date Announced | 22 Feb 2021 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-22022021-00013 |