PMBTECH-WA - Notice of Book Closure

Adjustments to the number and exercise price of outstanding warrants 2018/2023 ("Warrants 2018/2023") as specified in the deed poll dated 30 May 2018 ("Deed Poll") ("Adjustments"), as a consequence of the bonus issue of up to 1,296,774,800 new ordinary shares in PMB Technology Berhad ("PMBT" or the "Company") ("PMBT Shares") ("Bonus Shares") on the basis of 4 Bonus Shares for every 1 existing PMBT Share held as at 5.00 p.m. on 28 April 2022 ("Entitlement Date") ("Bonus Issue")
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 27 Apr 2022
2)  The last date of lodgment : 28 Apr 2022
 

Remarks 1:

"Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 28 April 2022 with bonus issue of PMBTECH-WA shares, any shareholder who is entitled to receive  PMBTECH-WA bonus issue shares, may sell any or all of his PMBTECH-WA shares arising from the bonus issue beginning the Ex-Date (27 April 2022).

For example, if Mr X purchases 100  PMBTECH-WA shares on cum basis on  26 April 2022, Mr X should receive 100 shares on 28 April 2022.  Consequent to a bonus issue, an additional of 400 PMBTECH-WA shares will be credited into Mr X's CDS account on the night of 28 April 2022 being the Book Closing Date. Therefore, Mr X can sell a total of 500 shares on or after the Ex-Date i.e. from 27 April 2022 onwards.

Remarks 2 :
The holders of the Warrants 2018/2023 must exercise their respective outstanding Warrants 2018/2023 and lodge their duly completed and signed exercise form with the exercise monies with the Share Registrar by 5.00 p.m. on 18 April 2022 in order to be entitled to the Bonus Issue.

The additional Warrants 2018/2023 to be issued arising from the Adjustments ("Additional Warrants 2018/2023") shall be allotted to the entitled Warrant 2018/2023 holders of the Company whose names appear in the Record of Depositors for Warrants 2018/2023 on 28 April 2022 on the basis of 4 Warrants 2018/2023 for every 1 Warrant 2018/2023 held.  

Fractional entitlements arising from the Adjustments, if any, shall be disregarded and/or dealt with in such manner as the Board of Directors of the Company in its sole and absolute discretion deems fit and expedient and in the best interests of the Company.

The Additional Warrants 2018/2023 will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 29 April 2022, being the next market day following the Entitlement Date.

The notice of allotment for the Additional Warrants 2018/2023 will be despatched to the entitled Warrants 2018/2023 holders not later than 4 market days after the date of listing and quotation of the Additional Warrants 2018/2023 on Bursa Securities. The notice to the holders of Warrants 2018/2023 (setting out the details of the Adjustments) will be despatched in due course.