INIX-WA - Notice of Book Closure

INIX TECHNOLOGIES HOLDINGS BERHAD ("INIX" OR THE "COMPANY") ADJUSTMENTS TO THE EXERCISE PRICE AND THE NUMBER OF OUTSTANDING WARRANTS 2015/2020 OF THE COMPANY CONSTITUTED BY THE DEED POLL DATED 9 OCTOBER 2015 ("DEED POLL") ("WARRANTS 2015/2020") PURSUANT TO THE SHARE CONSOLIDATION OF EVERY TWO (2) ORDINARY SHARES OF RM0.05 EACH INTO ONE (1) NEW ORDINARY SHARE OF RM0.10 EACH ("INIX SHARE" OR "SHARE") ("CONSOLIDATED SHARE") AT 5.00 P.M. ON 23 SEPTEMBER 2016 ("ENTITLEMENT DATE") ("ADJUSTMENTS") ("SHARE CONSOLIDATION")
 

Kindly be advised of the following:

1)    The above Company’s securities will be traded and quoted “[Ex-Adjustment]” as from: 21 September 2016
2)    The last date of lodgment : 23 September 2016
 

Remarks 1): Following the Share Consolidation, the exercise price and the number of outstanding Warrants 2015/2020 shall be adjusted in accordance with the provisions of the Deed Poll. Pursuant to the Adjustments, the outstanding Warrants 2015/2020 will be consolidated on the basis of every two (2) outstanding Warrants 2015/2020 held by the entitled holders of outstanding Warrants 2015/2020 of the Company (whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date) into one (1) Warrant 2015/2020 ("Consolidated Warrant"). The resulting number of Consolidated Warrants will be rounded down to the nearest whole number. The actual number of Consolidated Warrants to be issued and allotted would depend on the number of outstanding Warrants 2015/2020 which have yet to be exercised into new Inix Shares as at the Entitlement Date. Pursuant to the Adjustments, the existing exercise price of the outstanding Warrants 2015/2020 of RM0.05 each will be revised to RM0.10 each. The Consolidated Warrants will be listed and quoted simultaneously with the Consolidated Shares on the ACE Market of Bursa Securities on 26 September 2016, being the next market day following the Entitlement Date. The notice to the holders of outstanding Warrants 2015/2020 (setting out the details of the Adjustments and the Consolidated Warrants to be issued pursuant to the Share Consolidation) as well as the notice of allotment of the Consolidated Warrants will be despatched in due course. Holders of outstanding Warrants 2015/2020 who wish to be entitled to the Share Consolidation should exercise their outstanding Warrants 2015/2020 by lodging their duly completed exercise forms together with the subscription monies with Inix's share registrar on or before 5.00 p.m. on 14 September 2016 for their names to appear on the Record of Depositors at 5.00 p.m. on the Entitlement Date. 

Remarks 2: 

Participating Organisations are to take note of the following adjustment on INIX TECHNOLOGIES HOLDINGS BERHAD-WARRANTS A

The entitlement comprises the following:-

INIX TECHNOLOGIES HOLDINGS BERHAD ("INIX" OR THE "COMPANY") ADJUSTMENTS TO THE EXERCISE PRICE AND THE NUMBER OF OUTSTANDING WARRANTS 2015/2020 OF THE COMPANY CONSTITUTED BY THE DEED POLL DATED 9 OCTOBER 2015 ("DEED POLL") ("WARRANTS 2015/2020") PURSUANT TO THE SHARE CONSOLIDATION OF EVERY TWO (2) ORDINARY SHARES OF RM0.05 EACH INTO ONE (1) NEW ORDINARY SHARE OF RM0.10 EACH ("INIX SHARE" OR "SHARE") ("CONSOLIDATED SHARE") AT 5.00 P.M. ON 23 SEPTEMBER 2016 ("ENTITLEMENT DATE") ("ADJUSTMENTS") ("SHARE CONSOLIDATION")

In relation to the warrants adjustment on INIX-WA as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:

a)  on or after the Ex-date on 21 September 2016, trading of INIX-WA will be based on the newly adjusted warrants arising            from the Warrants Adjustment,

b)  on the basis of settlement taking place on or after 23 September 2016 with adjusted INIX-WA, any entitled warrants holde        who owns INIX-WA as at Ex-date may sell only up to the maximum INIX-WA he expects to receive after the adjustment,            i.e. the reduced amount, on or after the Ex-date 21 September 2016.

With the warrants adjustment pursuant to the Share Consolidation effected on INIX-WA holders’ CDS account at the end of the Entitlement Date (“Books Closure Date”), an entitled INIX-WA holder may use the following basis to estimate the maximum number of INIX-WA that he may sell from the Ex-date until the Book Closing Date which is from 21 September 2016 until 23 September 2016.

Number of INIX-WA shares that  may be sold            =             Number of shares held x 0.50 

on 21 September 2016 until 23 September 2016             (All fractional shares computed should be disregarded)      

Illustration:

For example, if Mr X owns or purchases 1000 INIX-WA on cum basis on 20 September 2016, his CDS account would still show 1000 INIX-WA until 23 September 2016. However, as a result of the above warrants adjustment, Mr X’s 1000 INIX-WA in his CDS account will be adjusted to 500 INIX-WA on the night of 23 September 2016 which is the Book Closing Date. Therefore Mr X may, if he so wishes, sells only up to 500 INIX-WA on or after the Ex-date i.e. from 21 September 2016 onwards.

Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 21 September 2016 until 23 September 2016, they are only entitled to sell the maximum of 50% of the shares owned before the Ex-date. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their client’s position.