Share Consolidation
| LKL INTERNATIONAL BERHAD |
| Entitlement subject | Share Consolidation |
| Entitlement description | CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN LKL INTERNATIONAL BERHAD ("LKL" OR THE "COMPANY") ("LKL SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 14 OCTOBER 2022 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") |
| Ex-Date | 13 Oct 2022 |
| Entitlement date | 14 Oct 2022 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Dec 2022 |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 14 Oct 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 |
| Par Value (if applicable) | |
Entitlement Details
| Company Name | Ratio (New : Existing) |
Available/Listing Date | Fractional Entitlement |
| LKL INTERNATIONAL BERHAD | 1.0000 : 10.0000 | 17 Oct 2022 | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no |
WORKSHIRE SHARE REGISTRATION SDN BHD A1-2-2, Solaris Dutamas, No. 1, Jalan Dutamas 1 50480 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0364133271 Fax:0364133270 |
| Remarks : |
The Share Consolidation involves the consolidation of every 10 existing Shares into 1 Consolidated Share as at 5.00 p.m. on 14 October 2022, being the entitlement date for the Share Consolidation.
The actual number of the Consolidated Shares to be issued would depend on the issued share capital of the Company on the entitlement date for the Share Consolidation. Fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and/or dealt with by the Board of Directors of the Company at its absolute discretion in such manner as it may deem fit or expedient and in the best interest of the Company.
The Consolidated Shares will be listed and quoted on ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 17 October 2022, being the next market day following the entitlement date for the Share Consolidation.
The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders of the Company within 4 market days after the date of listing and quotation of the Consolidated Shares on the ACE Market of Bursa Securities.
The Share Consolidation will result in a reduction in the number of Shares available in the market and the trading price of the Shares will be adjusted accordingly in proportion to the basis of the Share Consolidation. The shareholders of the Company are strongly advised to trade cautiously to prevent overselling of their position in respect of the Shares held.
This announcement is dated 29 September 2022. |
Announcement Info
| Company Name | LKL INTERNATIONAL BERHAD |
| Stock Name | LKL |
| Date Announced | 29 Sep 2022 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-28092022-00004 |
| Corporate Action ID | MY220928SPLR0001 |