SJC-WA

0.220

+0.005 (+2.3%)

Adjustment

SENI JAYA CORPORATION BERHAD

Entitlement subject Adjustment
Entitlement description
SENI JAYA CORPORATION BERHAD ("SJC" OR THE "COMPANY")

ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2021/2026 IN SJC AS CONSTITUTED BY THE DEED POLL DATED 28 SEPTEMBER 2021 ("DEED POLL") ("OUTSTANDING WARRANTS") PURSUANT TO THE BONUS ISSUE OF SHARES UP TO 262,079,985 NEW ORDINARY SHARES IN SJC ("SJC SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 3 BONUS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 8 NOVEMBER 2022 ("ENTITLEMENT DATE") ("BONUS ISSUE ")
EX-date 07 Nov 2022
Entitlement date 08 Nov 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 08 Nov 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 3.0000 : 1.0000
Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.0000
Par Value (if applicable) Malaysian Ringgit (MYR) 0.0000
Registrar or Service Provider name, address, telephone no SHAREWORKS SDN BHD
No. 2-1, Jalan Sri Hartamas 8
Sri Hartamas

50480 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0362011120
Fax:0362013121


Remarks :
Following the Bonus Issue of Shares, 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 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 Additional Warrants to be issued and allotted would depend on the number of outstanding Warrants which have yet to be exercised into new SJC Shares as at the Entitlement Date.

Pursuant to the Adjustments, the existing exercise price of Warrants of RM2.00 each will be revised to RM0.50 each.

The Additional Warrants will be listed and quoted simultaneously with Bonus Shares on the Main Market of Bursa Securities on 9 November 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 SJC Shares by lodging their duly completed exercise forms together with the exercise money with SJC's Share Registrar on or before 5.00 p.m. on 31 October 2022  in order to be entitled to the Bonus Issue of Shares.

This announcement is dated 21 October 2022.


Announcement Info

Company Name SENI JAYA CORPORATION BERHAD
Stock Name SJC-WA
Date Announced 21 Oct 2022
Category Entitlement(Notice of Book Closure)
Reference Number ENT-19102022-00004