Adjustment
| TECHBOND GROUP BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | Adjustments to the number and exercise price of outstanding 5-year warrants 2020/2025 ("Warrants") as specified in the deed poll dated 6 February 2020 ("Deed Poll") ("Adjustments"), as a consequence of the bonus issue of up to 431,249,998 new ordinary shares in Techbond Group Berhad ("Techbond" or the "Company") ("Techbond Shares") ("Bonus Shares") on the basis of 5 Bonus Shares for every 4 existing Techbond Shares held at 5.00 p.m. on 26 March 2021 ("Entitlement Date") ("Bonus Issue") |
| EX-date | 25 Mar 2021 |
| Entitlement date | 26 Mar 2021 |
| Entitlement time | 5:00 PM |
| Financial Year End | 30 Jun 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 | 26 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 | 5.0000 : 4.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0327839299 Fax:0327839222 |
| Remarks : |
Pursuant to the Bonus Issue, the number and exercise price of outstanding Warrants which are not exercised prior to the Entitlement Date will be adjusted in accordance with the provisions of the Deed Poll.
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 at its absolute discretion as it may deem fit and expedient or in the best interests of the Company.
As at 12 March 2021, the Company has 109,718,099 outstanding Warrants. Hence, the maximum number of additional Warrants to be issued arising from the Adjustments ("Additional Warrants") is 137,147,623 Additional Warrants. The actual number of Additional Warrants to be issued and allotted arising from the Adjustments would depend on the number of outstanding Warrants which have yet to be exercised into new Techbond Shares as at the Entitlement Date.
Further, the existing exercise price of Warrants of RM0.76 each will be revised to RM0.33 each pursuant to the Adjustments.
The Additional Warrants will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 29 March 2021, being the next market day following the Entitlement Date.
The notices of allotment for the Additional Warrants will be despatched to the entitled holders not later than 4 market days after the date of listing and quotation of the Additional Warrants on Bursa Securities. The notice to the holders of Warrants (setting out the details of the Adjustments) will be despatched in due course.
This announcement is dated 12 March 2021. |
Announcement Info
| Company Name | TECHBOND GROUP BERHAD |
| Stock Name | TECHBND-WA |
| Date Announced | 12 Mar 2021 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-12032021-00011 |