Adjustment
| CLASSIC SCENIC BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2021/2026 OF CLASSIC SCENIC BERHAD ("CSCENIC" OR "COMPANY") ("WARRANTS 2021/2026") CONSTITUTED BY THE DEED POLL DATED 12 AUGUST 2021 PURSUANT TO THE BONUS ISSUE OF UP TO 180,749,610 NEW ORDINARY SHARES IN CSCENIC ("CSCENIC SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 2 EXISTING CSCENIC SHARES HELD AS AT 5.00 P.M. ON 11 MAY 2023 ("BONUS ENTITLEMENT DATE") ("BONUS ISSUE OF SHARES") ("ADJUSTMENTS") |
| EX-date | 10 May 2023 |
| Entitlement date | 11 May 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 | 11 May 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 : 2.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
BOARDROOM SHARE REGISTRARS SDN BHD 11th Floor, Menara Symphony No. 5, Jalan Prof. Khoo Kay Kim (Jalan Semangat) Seksyen 13 46200 Petaling Jaya Selangor Malaysia Tel:0378904700 Fax:0378904670 |
| Remarks : |
Holders of the Warrants 2021/2026 ("Warrant Holders") who wish to be entitled to the Bonus Shares should exercise their Warrants 2021/2026 by lodging their duly completed exercise forms together with the relevant subscription monies with CScenic's share registrar on or before 5.00 p.m. on 27 April 2022 such that their names will appear on the Record of Depositors at 5.00 p.m. on the Bonus Entitlement Date.
Up to 56,866,670 additional Warrants 2021/2026 will be allotted and issued pursuant to the Adjustments. The exact number of additional Warrants 2021/2026 to be allotted and issued will depend on the number of outstanding Warrants 2021/2026 as at the Bonus Entitlement Date.
Fractional entitlements arising from the Adjustments, if any, will be disregarded, and/or dealt with by the Board of Directors of CScenic, in such manner as it may in its absolute discretion deem fit or expedient and in the best interest of the Company.
The additional Warrants 2021/2026 will be listed and quoted on the Main Market of Bursa Securities simultaneously with the Bonus Shares on 12 May 2023, being the next market day immediately after the Bonus Entitlement Date.
CScenic's share registrar will issue and despatch the notice to Warrant Holders setting out the details of the Adjustments and notice of allotment for the additional Warrants 2021/2026 in due course.
This announcement is dated 20 April 2023. |
Announcement Info
| Company Name | CLASSIC SCENIC BERHAD |
| Stock Name | CSCENIC-WA |
| Date Announced | 20 Apr 2023 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-19042023-00002 |