SAMAIDEN-WA - Notice of Book Closure

SAMAIDEN GROUP BERHAD ("SAMAIDEN" OR THE "COMPANY") ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2021/2026 IN SAMAIDEN AS CONSTITUTED BY THE DEED POLL DATED 1 JUNE 2021 ("DEED POLL") ("OUTSTANDING WARRANTS") PURSUANT TO THE BONUS ISSUE OF UP TO 224,000,000 NEW ORDINARY SHARES OF SAMAIDEN ("SAMAIDEN SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 2 BONUS SHARES FOR EVERY 3 EXISTING SAMAIDEN SHARES HELD AS AT 5.00 P.M. ON 13 JUNE 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: 10 Jun 2022
2)  The last date of lodgment : 13 Jun 2022

Remarks 1 :-

"Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 13 Jun 2022  with adjustment to the number of outstanding SAMAIDEN-WA shares, any shareholder who is entitled to receive SAMAIDEN-WA additional shares may now sell any or all of his SAMAIDEN-WA shares arising from adjustment consequent to the bonus issue beginning the Ex-Date (10 Jun 2022 ). 

For example, if Mr X purchases 300 SAMAIDEN-WA shares on cum basis on 9 Jun 2022, Mr X should receive 300 shares on 13 Jun 2022 . Consequent to a bonus issue, an additional of 200 SAMAIDEN-WA shares will be credited into Mr X's CDS account on the night of 13 Jun 2022  being the Book Closing Date. Therefore, Mr X can sell the a total of 500 SAMAIDEN-WA shares on or after the Ex-Date ie from 10 Jun 2022  onwards." 

Remarks 2:
Following the Bonus Issue, the exercise price and the number of Outstanding Warrants shall be adjusted in accordance with the provisions of the Deed Poll ("Adjustments"). 

Additional new Warrants 2021/2026 arising from the Adjustments ("Additional Warrants") will be allotted and issued to the entitled holders of Outstanding Warrants of the Company, whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date. 

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 Additional Warrants to be issued and allotted would depend on the number of outstanding Warrants which have yet to be exercised into new Samaiden Shares as at the Entitlement Date. 

Pursuant to the Adjustments, the existing exercise price of Warrants of RM1.20 each will be revised to RM0.72 each.

The actual number of Additional Warrants to be issued and allotted would depend on the number of Outstanding Warrants which have yet to be exercised into new Samaiden Shares as at the Entitlement Date.

The Additional Warrants will be listed and quoted simultaneously with the Bonus Shares on the ACE Market of Bursa Malaysia Securities Berhad on 14 June 2022, being the next market day following the Entitlement Date. The notice to the holders of Outstanding Warrants setting out the details of the Adjustments as well as the notice of allotment of the Additional Warrants will be despatched in due course.

Holders of the Outstanding Warrants who wish to be entitled to the Bonus Shares shall exercise their rights to subscribe for new Samaiden Shares by lodging their duly completed exercise forms together with the relevant subscription monies with Samaiden's Share Registrar (at the address stated above) on or before 5.00 p.m. on 31 May 2022 such that their names will appear in the Record of Depositors for Samaiden Shares at 5.00 p.m. on the Entitlement Date.