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Amended Announcements Please refer to the earlier announcement reference number: LIP-07052021-00001
ADJUSTMENT TO THE CONVERSION PRICE AND THE NUMBER OF OUTSTANDING IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES OF CITAGLOBAL BERHAD (FORMERLY KNOWN AS WZ SATU BERHAD) ("CITAGLOBAL" OR "COMPANY") ("ICPS") PURSUANT TO THE CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN CITAGLOBAL ("CITAGLOBAL SHARES" OR "SHARES") INTO 1 CITAGLOBAL SHARE ("CONSOLIDATED SHARE") HELD AT 5.00 P.M. ON 3 MARCH 2023 ("ENTITLEMENT DATE") ("SHARE CONSOLIDATION") ("ADJUSTMENTS")
The Company shall, at its discretion and subject to the availability of distributable profits, pay cumulative preferential dividend rate of 3.0% per annum calculated based on the issue price of RM0.11 per ICPS. The dividend, if declared, shall be payable annually in arrears, subject to the availability of distributable profits
Annual basis
Pursuant to the Adjustments, (i) the existing conversion price of ICPS of RM0.11 each will be revised to RM0.55 each; and (ii) the existing number of 15,403,675 ICPS as at the Entitlement Date will be adjusted into 3,080,717 ICPS (after disregarding the fractional entitlements arising from the Adjustments), which will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 6 March 2023, being the next market day following the Entitlement Date. The Adjustments will take effect from 6 March 2023, being the next Market Day following the Entitlement Date. The notice to the holders of ICPS (setting out the details of the Adjustments) will be despatched in due course. This announcement is dated 3 March 2023.