PERMAJU-WA

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PERMAJU-WA - Notice of Book Closure

PERMAJU INDUSTRIES BERHAD

ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2020/2025 OF PERMAJU INDUSTRIES BERHAD ("PERMAJU" OR THE "COMPANY") ("WARRANTS") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 18 JUNE 2020 CONSTITUTING THE WARRANTS ("DEED POLL") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,055,337,076 NEW ORDINARY SHARES IN THE COMPANY ("PERMAJU SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.07 PER RIGHTS SHARE ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 5 NOVEMBER 2021 ("RIGHTS ISSUE") ("ADJUSTMENTS")
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 3 Nov 2021
2)  The last date of lodgment : 5 Nov 2021

 


Remarks :
The Notice of Book Closure in relation to the Rights Issue had been announced by the Company separately today.

 

Holders of outstanding Warrants who wish to be entitled to the Rights Shares should exercise their rights to subscribe for new Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar, ShareWorks Sdn Bhd, on or before 5.00 p.m. on 29 October 2021. This is to enable the new Shares arising from such exercise to be allotted to the respective Warrant holders such that their names will appear on the Record of Depositors of the Company by 5.00 p.m. on 5 November 2021.

 

The Warrant holders who have not exercised their outstanding Warrants by 5.00 p.m. on 29 October 2021 and whose names appear in the Record of Depositors for the outstanding Warrants as at 5.00 p.m. on 5 November 2021 would be entitled to the Adjustments.

 

Notwithstanding the above, the issuance of additional Warrants pursuant to the Adjustments shall be subject to compliance with Paragraph 6.50 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Listing Requirements"). Paragraph 6.50 of the Listing Requirements states that a listed issuer must ensure that the number of new shares which will arise from the exercise or conversion of all outstanding convertible equity securities (i.e. warrants and convertible preference shares) does not exceed 50% of the total number of issued shares of the listed issuer (excluding treasury shares and before the exercise of the convertible equity securities) at all times.

 

If, on the Entitlement Date, the issuance of additional Warrants pursuant to the Adjustments would result in non-compliance with Paragraph 6.50 of the Listing Requirements, the number of additional Warrants to be issued will be adjusted accordingly to ensure compliance with Paragraph 6.50 of the Listing Requirements.

 

Hence, the entitlement ratio indicated above is for illustration only based on the calculations set out in Section 6.5.2 of the circular to shareholders of the Company in relation to the Rights Issue dated 6 October 2021. The actual number of additional Warrants to be issued pursuant to the Adjustments shall be finalised on or after the Entitlement Date subject to compliance with Paragraph 6.50 of the Listing Requirements.

 

The additional Warrants (if any) will be listed and quoted simultaneously with the Rights Shares. The notice of allotment for the additional Warrants (if any) and the notice to Warrant holders (setting out details of the Adjustments) will be despatched in due course.

 


Announcement Info

Company Name PERMAJU INDUSTRIES BERHAD
Stock Name PERMAJU-WA
Date Announced 22 Oct 2021
Category Listing Circular
Reference Number ILC-22102021-00008