Share Consolidation
| ASIA BIOENERGY TECHNOLOGIES BERHAD |
| EX-date | 01 Jun 2017 |
| Entitlement date | 05 Jun 2017 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Share Consolidation |
| Entitlement description | ADJUSTMENTS TO THE NUMBER AND EXERCISE PRICE OF OUTSTANDING 2014/2024 ("WARRANTS A") AS SPECIFIED IN THE DEED POLL CONSTITUTING THE WARRANTS A DATED 17 MARCH 2014 ("DEED POLL A") ("ADJUSTMENTS") ARISING FROM THE CONSOLIDATION OF EVERY 3 ORDINARY SHARES IN ASIA BIOENERGY TECHNOLOGIES BERHAD ("ABT" OR THE "COMPANY") ("SHARES") INTO 1 SHARE ("CONSOLIDATED SHARE") AT 5.00 P.M. ON 5 JUNE 2017 ("SHARE CONSOLIDATION") ("BOOKS CLOSURE DATE") ("SHARE CONSOLIDATION") |
| Period of interest payment | to |
| Financial Year End | 31 Mar 2018 |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| Registrar or Service Provider name, address, telephone no | TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur Tel:03-27839299 Fax:03-27839222 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 05 Jun 2017 |
| 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 : 1 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Remarks : |
Pursuant to the Share Consolidation, the number and exercise price of outstanding Warrants A which are not exercised prior to the Books Closure Date will be adjusted in accordance with the provisions of the Deed Poll A.
The Warrants A will be consolidated on the basis of every 3 Warrants A held by the entitled holders of Warrants A of the Company (whose names appear in the Record of Depositors at 5.00 p.m. on the Books Closure Date) into 1 Warrant A ("Consolidated Warrants A").
Fractional entitlements arising from the Adjustments, if any, will be disregarded and/or shall be dealt with by the Board of Directors of the Company ("Board") in such manner as the Board in its absolute discretion deems fit and expedient or in the best interest of the Company. 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 Shares as at the Books Closure Date.
Pursuant to the Adjustments, the existing exercise price of Warrants A of RM0.10 each will be revised to RM0.30 each.
The Consolidated Warrants A will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 6 June 2017, being the next market day following the Books Closure Date.
The notice of allotment for the Consolidated Warrants A will be despatched to the entitled 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 holders of Warrants A (setting out the details of the Adjustments) will be despatched in due course.
This announcement is dated 22 May 2017. |
Announcement Info
| Company Name | ASIA BIOENERGY TECHNOLOGIES BERHAD |
| Stock Name | ASIABIO-WA |
| Date Announced | 22 May 2017 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-19052017-00003 |