Adjustment
| DIGISTAR CORPORATION BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENTS TO THE EXERCISE PRICE AND THE NUMBER OF THE OUTSTANDING WARRANTS 2013/2023 ("WARRANT(S) B") OF DIGISTAR CORPORATION BERHAD ("DIGISTAR" OR THE "COMPANY") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 4 MARCH 2013 ("DEED POLL B") PURSUANT TO THE CONSOLIDATION OF EVERY 3 ORDINARY SHARES IN DIGISTAR ("DIGISTAR SHARE(S)") INTO 1 DIGISTAR SHARE ("CONSOLIDATED SHARE(S)") AS AT 5.00 P.M. ON 30 MAY 2022 ("SHARE CONSOLIDATION") ("ADJUSTMENTS") |
| EX-date | 27 May 2022 |
| Entitlement date | 30 May 2022 |
| Entitlement time | 5:00 PM |
| Financial Year End | 30 Sep 2022 |
| 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 | 30 May 2022 |
| 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 | 1.0000 : 3.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0327839299 Fax:0327839222 |
| Remarks : |
Pursuant to the Share Consolidation, the exercise price and number of outstanding Warrants B which are not exercised prior to the Entitlement Date will be adjusted in accordance with the provisions of the Deed Poll B.
The Warrants B will be consolidated on the basis of every 3 Warrants B held by the entitled holders of Warrants B ("Warrants B Holders") of the Company (whose names appear in the Record of Depositors for the Warrants B at 5.00 p.m. on the Entitlement Date) into 1 Warrant B ("Consolidated Warrant(s) B").
Fractional entitlements arising from the Adjustments, if any, shall be disregarded and/or dealt with by the Board of Directors of the Company in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company. The actual number of Consolidated Warrants B to be issued and allotted would depend on the number of outstanding Warrants B which have yet to be exercised into new Shares as at the Entitlement Date.
Pursuant to the Adjustments, the existing exercise price of Warrants B of RM0.25 each will be revised to RM0.75 each.
The Consolidated Warrants B will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 31 May 2022, being the next market day following the Entitlement Date.
The notice of allotment for the Consolidated Warrants B will be issued and despatched to all the entitled Warrants B Holders not later than 4 market days after the date of the listing of and quotation for the Consolidated Warrants B on the Main Market of Bursa Securities. The notice to Warrants B Holders setting out the details of the Adjustments to the Warrants B will be despatched to the Warrants B Holders in due course.
This announcement is dated 13 May 2022. |
Announcement Info
| Company Name | DIGISTAR CORPORATION BERHAD |
| Stock Name | DIGISTA-WB |
| Date Announced | 13 May 2022 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-13052022-00008 |