NEXGRAM-WC

0.000

(%)

Adjustment

NEXGRAM HOLDINGS BERHAD

Entitlement subject Adjustment
Entitlement description
ADJUSTMENTS TO THE NUMBER AND EXERCISE PRICE OF OUTSTANDING WARRANTS 2014/2024 ("WARRANT(S) C") CONSTITUTED BY THE DEED POLL DATED 4 OCTOBER 2013 ("DEED POLL C"), AS A CONSEQUENCE OF THE CONSOLIDATION OF EVERY 10 ORDINARY SHARES IN NEXGRAM HOLDINGS BERHAD ("NEXGRAM") ("NEXGRAM SHARE(S)") INTO 1 NEXGRAM SHARE ("CONSOLIDATED SHARE(S)") AT 5.00 P.M. ON 21 NOVEMBER 2022 ("SHARE CONSOLIDATION")
EX-date 18 Nov 2022
Entitlement date 21 Nov 2022
Entitlement time 5:00 PM
Financial Year End 31 Jul 2023
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 21 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 1.0000 : 10.0000
Rights Issue/Offer Price
Par Value (if applicable)
Registrar or Service Provider name, address, telephone no TRICOR INVESTOR SERVICES SDN BHD
Unit 32-01, Level 32, Tower A, Vertical Business Suite
Avenue 3, Bangsar South

No. 8, Jalan Kerinchi

59200 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0327839299
Fax:0327839222


Remarks :
Pursuant to the Share Consolidation, the number and exercise price of outstanding Warrants C which are not exercised prior to the Entitlement Date will be adjusted in accordance with the provisions of the Deed Poll C.

The Warrants C will be consolidated on the basis of every 10 Warrants C held by the entitled holders of Warrants C of the Company ("Entitled Holders") (whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date) into 1 Warrant C ("Consolidated Warrants C"). 

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 Consolidated Warrants C to be consolidated would depend on the number of outstanding Warrants C which have yet to be exercised into new Nexgram Shares as at the Entitlement Date.

Pursuant to the Adjustments, the existing exercise price of Warrants C of RM0.10 each will be revised to RM1.00 each.

The Consolidated Warrants C will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 22 November 2022, being the next market day following the Entitlement Date.

The notice of allotment for the Consolidated Warrants C will be despatched to the Entitled Holders not later than 4 market days after the date of listing and quotation of the Consolidated Warrants C on Bursa Securities. The notice to the holders of Warrants C (setting out the details of the Adjustments) will be despatched to the Entitled Holders in due course.

This announcement is dated 8 November 2022.


Announcement Info

Company Name NEXGRAM HOLDINGS BERHAD
Stock Name NEXGRAM-WC
Date Announced 08 Nov 2022
Category Entitlement(Notice of Book Closure)
Reference Number ENT-08112022-00002