APPASIA-WA

0.110

(%)

APPASIA-WA - Notice of Book Closure

APPASIA BERHAD

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")
 

Kindly be advised of the following : 

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

 

Remarks 1:

"Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 2 Jul 2021 with  adjustment to the number of outstanding APPASIA-WA shares, any shareholder who is entitled to receive APPASIA-WA  additional shares, may sell any or all of his APPASIA-WA shares arising from adjustment pursuant to the Share Split beginning the Ex-Date (1 Jul 2021).

 

For example, if Mr X purchases 100 APPASIA-WA shares on cum basis on 30 June 2021, Mr X should receive 100 shares on 2 July 2021. Pursuant to the share split, 100 APPASIA-WA shares will be split into 300 shares in Mr X's CDS account on the night of 2 July 2021 being the Book Closing Date. Therefore, Mr X can sell the share split shares of 300 on or after the Ex-Date ie from 1 July 2021 onwards."

 

 

Remarks 2:

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.

 


Announcement Info

Company Name APPASIA BERHAD
Stock Name APPASIA-WA
Date Announced 21 Jun 2021
Category Listing Circular
Reference Number ILC-21062021-00006