Adjustment
| OVERSEA ENTERPRISE BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2021/2024 OF OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR "COMPANY") ("WARRANTS A") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 23 FEBRUARY 2021 CONSTITUTING THE WARRANTS A ("DEED POLL A") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,583,196,991 NEW ORDINARY SHARES IN OVERSEA ("OVERSEA SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.06 PER RIGHTS SHARE TOGETHER WITH UP TO 527,732,330 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS B") ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT B FOR EVERY 3 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 28 JULY 2023 ("RIGHTS ISSUE WITH WARRANTS") ("ADJUSTMENTS") |
| EX-date | 27 Jul 2023 |
| Entitlement date | 28 Jul 2023 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Mar 2024 |
| 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 | 28 Jul 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 | 0.3654 : 1.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
WORKSHIRE SHARE REGISTRATION SDN BHD A3-3-8, Solaris Dutamas No. 1, Jalan Dutamas 1 50480 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0364133271 Fax:0364133270 |
| Remarks : |
The Notice of Book Closure in relation to the Rights Issue with Warrants had been announced by the Company separately today.
Holders of outstanding Warrants A ("Warrant A Holders") who wish to be entitled to the Rights Shares with Warrants B should exercise their Warrants A into new Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar, Workshire Share Registration Sdn Bhd, on or before 5.00 p.m. on 17 July 2023. This is to enable the new Shares arising from such exercise to be allotted to the respective Warrant A Holders such that their names will appear on the Record of Depositors of the Company by 5.00 p.m. on 28 July 2023.
The Warrant A Holders who have not exercised their outstanding Warrants A by 5.00 p.m. on 17 July 2023 and whose names appear in the Record of Depositors for the outstanding Warrants A as at 5.00 p.m. on 28 July 2023 would be entitled to the Adjustments.
The entitlement ratio indicated above is for illustration only based on the Base Case Scenario as set out in the circular to shareholders of the Company in relation to, amongst others, the Rights Issue with Warrants dated 15 October 2021. The actual number of additional Warrants A to be issued and the adjusted exercise price of the Warrants A pursuant to the Adjustments shall be finalised at a later date prior to the listing and quotation of the Rights Shares with Warrants B on the ACE Market of Bursa Malaysia Securities Berhad.
The additional Warrants A will be listed and quoted simultaneously with the Rights Shares and Warrants B. The notice to Warrant A Holders (setting out details of the Adjustments) and the notice of allotment for the additional Warrants A will be despatched in due course.
This announcement is dated 6 July 2023. |
Announcement Info
| Company Name | OVERSEA ENTERPRISE BERHAD |
| Stock Name | OVERSEA-WA |
| Date Announced | 06 Jul 2023 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-06072023-00004 |