CITAGLB-WA

0.090

+0.025 (+38.5%)

WZSATU-WA - Notice of Book Closure

WZ SATU BERHAD

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")
 

Kindly be advised of the following : 

 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 09 Apr 2021
2)  The last date of lodgment : 12 Apr 2021

 

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.

 


Announcement Info

Company Name WZ SATU BERHAD
Stock Name WZSATU-WA
Date Announced 30 Mar 2021
Category Listing Circular
Reference Number ILC-30032021-00003