TECHBND-WA - Notice of Book Closure

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")
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 25 Mar 2021
2)  The last date of lodgment : 26 Mar 2021

Remarks 1 :-  "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 26 March 2021 with adjustment to the number of outstanding TECHBND-WA shares, any shareholder who is entitled to receive TECHBND-WA additional shares may now sell any or all of his TECHBND-WA shares arising from adjustment consequent to the bonus issue beginning the Ex-Date (25 March 2021). 

For example, if Mr X purchases 400 TECHBND-WA shares on cum basis on 24 March 2021, Mr X should receive 400 shares on 26 March 2021. Consequent to a bonus issue, an additional of 500 TECHBND-WA shares will be credited into Mr X's CDS account on the night of 26 March 2021 being the Book Closing Date. Therefore, Mr X can sell a total of 900 TECHBND-WA shares on or after the Ex-Date ie from 25 March 2021 onwards." 

Remarks 2:  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.