Adjustment
| CITAGLOBAL BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENT TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2014/2024 OF CITAGLOBAL BERHAD (FORMERLY KNOWN AS WZ SATU BERHAD) ("CITAGLOBAL" OR "COMPANY") ("WARRANTS A") CONSTITUTED BY THE DEED POLL DATED 9 OCTOBER 2014 ("DEED POLL A") PURSUANT TO THE CONSOLIDATION OF EVERY 5 ORDINARY SHARES IN CITAGLOBAL ("CITAGLOBAL SHARE(S)" OR "SHARE(S)") HELD AT 5.00 P.M. ON 3 MARCH 2023 INTO 1 CITAGLOBAL SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") |
| EX-date | 02 Mar 2023 |
| Entitlement date | 03 Mar 2023 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Dec 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 | 03 Mar 2023 |
| 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 : 5.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
SECURITIES SERVICES (HOLDINGS) SDN BHD Level 7, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara Damansara Heights 50490 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0320849000 Fax:0320949940 |
| Remarks : |
Pursuant to the Share Consolidation, the exercise price and the number of outstanding Warrants A which are not exercised prior to the Entitlement Date will be adjusted in accordance with the provisions of the Deed Poll A (Adjustments). The outstanding Warrants A will be adjusted on the basis of every 5 Warrants A held by the entitled Warrants A holders (whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date) (Entitled Warrants A Holders) into 1 Warrant A (Consolidated Warrants A). 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. Pursuant to the Adjustments, the existing number of 183,241,446 outstanding Warrants A will be adjusted into a maximum number of [36,648,289] Consolidated Warrants A to be issued and allotted to the Entitled Warrants A Holders. The actual number of Consolidated Warrants A to be issued and allotted would depend on the number of outstanding Warrants A which have yet to be exercised into new Citaglobal Shares as at the Entitlement Date. Further, pursuant to the Adjustments, the exercise price of the Warrants A will be adjusted from the existing price of RM0.28 each to RM1.40 each. The Consolidated Warrants A will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities) on 6 March 2023, being the next market day following the Entitlement Date. The notice of allotment for the Consolidated 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 Consolidated Warrants A on Bursa Securities. The notice to the Entitled Warrants A Holders (setting out the details of the Adjustments) will be despatched to the Entitled Warrants A Holders in due course. The Adjustments will result in a reduction in the number of Warrants A available in the market and the trading price of the Warrants A will be adjusted accordingly in proportion to the basis of the Adjustments. The Entitled Warrants A Holders are strongly advised to trade cautiously to prevent overselling of their position in respect of the Warrants A held. This announcement is dated 17 February 2023. |
Announcement Info
| Company Name | CITAGLOBAL BERHAD |
| Stock Name | CITAGLB-WA |
| Date Announced | 17 Feb 2023 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-17022023-00020 |