Adjustment
| WZ SATU BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | Adjustment to the exercise price and number of outstanding warrants 2014/2024 in WZ Satu Berhad ("WZ Satu") constituted by the deed poll dated 9 October 2014 ("Deed Poll A) ("Warrants A") pursuant to the renounceable rights issue of up to 643,106,105 Irredeemable Convertible Preference Share in WZ Satu ("Rights ICPS") at an issue price of RM0.11 per Rights ICPS on the basis of 1 Rights ICPS for every 1 existing ordinary share in WZ Satu ("Shares") held by the entitled shareholders as at 5.00 p.m. on 12 April 2021, together with up to 80,388,263 free detachable warrants ("Warrants B") on the basis of 1 Warrant B for every 8 Rights ICPS subscribed ("Rights Issue of ICPS with Warrants") |
| EX-date | 09 Apr 2021 |
| Entitlement date | 12 Apr 2021 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Dec 2020 |
| 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 | 12 Apr 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 | 0.3941 : 1.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
SECURITIES SERVICES (HOLDINGS) SDN BHD Level 7, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara Damansara Heights 50490 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0320849000 Fax:0320949940 |
| Remarks : |
Following the Rights Issue of ICPS with Warrants, the exercise price and number of outstanding Warrants A shall be adjusted in accordance with the provisions of the Deed Poll A ("Adjustments").
Additional Warrants A arising from the Adjustments will be allotted and issued to the holders of Warrants A whose names appear in the Record of Depositors at 5.00 p.m. on 12 April 2021 ("Entitlement Date").
The actual number of additional Warrants A to be issued and allotted would depend on the outstanding number of Warrants A which have yet to be exercised into new Shares as at the Entitlement Date.
The Adjustments will only be finalised on the Entitlement Date and will be effective on the following market day. The notice to the holders of Warrants A setting out the details of the Adjustments will be despatched in due course.
The additional Warrants A will be listed and quoted simultaneously with the Rights ICPS and Warrants B on the Main Market of Bursa Malaysia Securities Berhad on 10 May 2021.
This announcement is dated 29 March 2021. |
Announcement Info
| Company Name | WZ SATU BERHAD |
| Stock Name | WZSATU-WA |
| Date Announced | 29 Mar 2021 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-29032021-00003 |