SERSOL-WA

0.055

(%)

Adjustment

SERSOL BERHAD

Entitlement subject Adjustment
Entitlement description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2013/2023 IN SERSOL BERHAD ("SERSOL" OR THE "COMPANY") ("ADJUSTMENTS") CONSTITUTED BY THE DEED POLL DATED 15 MARCH 2013 ("DEED POLL") ("WARRANT(S) A") PURSUANT TO THE BONUS ISSUE OF UP TO 384,227,375 NEW ORDINARY SHARES IN SERSOL ("SERSOL SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 7 BONUS SHARES FOR EVERY 8 EXISTING SERSOL SHARES HELD AT 5.00 P.M. ON 4 JULY 2022 ("ENTITLEMENT DATE") ("BONUS ISSUE OF SHARES")
EX-date 01 Jul 2022
Entitlement date 04 Jul 2022
Entitlement time 5:00 PM
Financial Year End 31 Dec 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 04 Jul 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 7.0000 : 8.0000
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 (Jalan Semangat)

Seksyen 13

46200 Petaling Jaya

Selangor

Malaysia

Tel:0378904700
Fax:0378904670


Remarks :
The holders of the warrants 2013/2023 issued by Sersol ("Warrants A") must exercise their respective outstanding Warrants A and lodge their duly completed and signed exercise form with the exercise monies with the Share Registrar by 5.00 p.m. on 22 June 2022 in order to be entitled to the Bonus Issue of Shares.

Up to 74,394,687 additional Warrants A to be issued arising from the Adjustments ("Additional Warrants A") shall be allotted to the entitled Warrant A holders of the Company whose names appear in the Record of Depositors for Warrants A on 4 July 2022 on the basis of 7 Warrants A for every 8 Warrants A held.

The exact number of Additional Warrants A to be allotted and issued will depend on the number of outstanding Warrants A as at the Entitlement Date. 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 A will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 5 July 2022, being the next market day following the Entitlement Date. The notice of allotment for the Additional Warrants A will be despatched to the entitled Warrants A holders not later than 4 market days after the date of listing and quotation of the Additional Warrants A on Bursa Securities. The notice the holders of Warrants A setting out the details of the Adjustments will be issued and despatched in due course.

This announcement is dated 17 June 2022.


Announcement Info

Company Name SERSOL BERHAD
Stock Name SERSOL-WA
Date Announced 17 Jun 2022
Category Entitlement(Notice of Book Closure)
Reference Number ENT-17062022-00005