Adjustment
| INIX TECHNOLOGIES HOLDINGS BERHAD |
| EX-date | 21 Sep 2016 |
| Entitlement date | 23 Sep 2016 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Adjustment |
| Entitlement description | 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") |
| Period of interest payment | to |
| Financial Year End | 31 Jul 2017 |
| 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 | BINA MANAGEMENT (M) SDN BHD Lot 10, The Highway Centre Jalan 51/205 46050 Petaling Jaya Tel:0377843922 Fax:0377841988 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 23 Sep 2016 |
| 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 : 2 |
| Rights Issue/Offer Price | |
| Par Value | |
| Remarks : |
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.
This announcement is dated 7 September 2016. |
Announcement Info
| Company Name | INIX TECHNOLOGIES HOLDINGS BERHAD |
| Stock Name | INIX-WA |
| Date Announced | 07 Sep 2016 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-07092016-00001 |