APPASIA-WA

0.110

(%)

Adjustment

APPASIA BERHAD

Entitlement subject Adjustment
Entitlement description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2014/2024 IN APPASIA BERHAD ("APPASIA" OR THE "COMPANY") CONSTITUTED BY THE DEED POLL DATED 19 NOVEMBER 2014 ("DEED POLL A") ("WARRANT(S) A") PURSUANT TO THE SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY 1 EXISTING ORDINARY SHARE IN APPASIA ("APPASIA SHARE(S)" OR "SHARE(S)") HELD AT 5.00 P.M. ON 2 JULY 2021 ("SHARE SPLIT ENTITLEMENT DATE") INTO 3 APPASIA SHARES ("SHARE SPLIT")
EX-date 01 Jul 2021
Entitlement date 02 Jul 2021
Entitlement time 5:00 PM
Financial Year End 31 Dec 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 02 Jul 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 3.0000 : 1.0000
Rights Issue/Offer Price
Par Value (if applicable)
Registrar or Service Provider name, address, telephone no BOARDROOM SHARE REGISTRARS SDN BHD
11th Floor, Menara Symphony
No. 5, Jalan Prof. Khoo Kay Kim

Seksyen 13

46200 Petaling Jaya

Selangor

Malaysia

Tel:0378904700
Fax:0378904670


Remarks :
The Share Split will give rise to adjustments to the exercise price and number of outstanding Warrants A in accordance with the provisions of the Deed Poll A ("Adjustments").

The outstanding Warrants A will be subdivided on the basis of every 1 Warrant A held by the entitled holders of Warrants A (whose names appear in the Record of Depositors of the Company at 5.00 p.m. on the Share Split Entitlement Date) ("Entitled Warrant A Holders") into 3 Warrants A ("Split Warrant(s) A"). 

Pursuant to the Adjustments, the 113,327,100 outstanding Warrants A as at 16 June 2021, being the latest practicable date of this announcement, will be adjusted into a maximum number of 339,981,300 Split Warrants A. The actual number of Split Warrants A would depend on the number of outstanding Warrants A as at the Share Split Entitlement Date.
 
Further, pursuant to the Adjustments, the existing exercise price of Warrants A of RM0.13 each will be revised to RM0.04 each.

The Split Warrants A will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 5 July 2021, being the next market day following the Share Split Entitlement Date.

The notices of allotment of the Split Warrants A will be issued and despatched to the Entitled Warrant A Holders at the address set out in the Record of Depositors of the Company within 4 market days after the date of listing and quotation of the Split Warrants A on Bursa Securities. The notices setting out the details of the Adjustments will be issued and despatched to the Entitled Warrant A Holders in due course. 

Holders of Warrants A who wish to be entitled to the Share Split as the Company's shareholders should exercise their rights to subscribe for new AppAsia Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the share registrar of AppAsia, Boardroom Share Registrars Sdn Bhd, on or before 5.00 p.m. on Wednesday, 23 June 2021 such that their names will appear in the Record of Depositors of the Company as at 5.00 p.m. on the Share Split Entitlement Date.

This announcement is dated 18 June 2021.


Announcement Info

Company Name APPASIA BERHAD
Stock Name APPASIA-WA
Date Announced 18 Jun 2021
Category Entitlement(Notice of Book Closure)
Reference Number ENT-17062021-00003