Adjustment
| HONG SENG CONSOLIDATED BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENTS TO THE CONVERSION PRICE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN HONG SENG CONSOLIDATED BERHAD ("HONG SENG" OR "COMPANY") ("ICPS"), CASH PAYMENT FOR CONVERSION OF ICPS AND NUMBER OF OUTSTANDING ICPS PURSUANT TO THE BONUS ISSUE OF UP TO 3,520,465,659 NEW ORDINARY SHARES IN HONG SENG ("HONG SENG SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING HONG SENG SHARE HELD AS AT 5.00 P.M. ON 27 JUNE 2022 ("ENTITLEMENT DATE") ("BONUS ISSUE") |
| EX-date | 24 Jun 2022 |
| Entitlement date | 27 Jun 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 | 27 Jun 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 : 1.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
BOARDROOM SHARE REGISTRARS SDN BHD 11th Floor, Menara Symphony No. 5, Jalan Prof. Khoo Kay Kim Seksyen 13 46200 Petaling Jaya Selangor Malaysia Tel:03-7890 4700 Fax:03-7890 4670 |
| Remarks : |
Following the Bonus Issue, the conversion price of ICPS, cash payment for conversion of ICPS and number of outstanding ICPS (which are not converted into new Hong Seng Shares prior to the Entitlement Date) shall be adjusted in accordance with the provisions of the Company's Constitution ("Adjustments").
Additional ICPS arising from the Adjustments ("Additional ICPS") will be allotted and issued to the entitled holders of ICPS of the Company, whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date ("Entitled ICPS Holders").
The actual number of Additional ICPS to be issued and allotted would depend on the number of outstanding ICPS which are not converted into new Hong Seng Shares prior to the Entitlement Date.
The Additional ICPS will be listed and quoted simultaneously with the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad on 28 June 2022 ("Listing Date"), being the next market day following the Entitlement Date.
The notice of allotment for the Additional ICPS will be issued and despatched to the Entitled ICPS Holders at the addresses set out in the Record of Depositors of the Company as at the Entitlement Date within 4 market days after the Listing Date. The notice setting out the details of the Adjustments will be issued and despatched to the Entitled ICPS Holders in due course.
Holders of the ICPS who wish to be entitled to the Bonus Issue as the Company's shareholders shall exercise their rights to subscribe for new Hong Seng Shares by lodging their duly completed conversion forms together with the relevant subscription monies with Hong Seng's Share Registrar (at the address stated above) on or before 5.00 p.m. on Thursday, 16 June 2022 such that their names will appear in the Record of Depositors of the Company at 5.00 p.m. on the Entitlement Date.
This announcement is dated 13 June 2022. |
Announcement Info
| Company Name | HONG SENG CONSOLIDATED BERHAD |
| Stock Name | HONGSENG-PA |
| Date Announced | 13 Jun 2022 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-13062022-00001 |