Share Consolidation
| GREEN OCEAN CORPORATION BERHAD |
| Entitlement subject | Share Consolidation |
| Entitlement description | CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN GREEN OCEAN CORPORATION BERHAD ("GREEN OCEAN" OR "COMPANY") ("GREEN OCEAN SHARE(S)" OR "SHARE(S)") INTO 1 GREEN OCEAN SHARE ("SHARE CONSOLIDATION") |
| Ex-Date | 25 Oct 2023 |
| Entitlement date | 26 Oct 2023 |
| Entitlement time | 5:00 PM |
| Financial Year End | 30 Sep 2024 |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 26 Oct 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 |
| Par Value (if applicable) | |
Entitlement Details
| Company Name | Ratio (New : Existing) |
Available/Listing Date | Fractional Entitlement |
| GREEN OCEAN CORPORATION BERHAD | 1.0000 : 10.0000 | 27 Oct 2023 | Round Down / Fraction Disregard |
| 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:03 6413 3271 Fax:03 6413 3270 |
| Remarks : |
The Share Consolidation involves the consolidation of every 10 Green Ocean Shares held as at 5.00 p.m. on 26 October 2023, being the entitlement date for the Share Consolidation, into 1 Green Ocean Share ("Consolidated Share(s)").
The actual number of Consolidated Shares will be determined based on the total number of issued shares of the Company on the entitlement date for the Share Consolidation.
Fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and dealt with by the Board of Directors in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company.
The Consolidated Shares will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 27 October 2023, being the next market day following the entitlement date for the Share Consolidation.
The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders of the Company within 4 market days after the date of listing and quotation of the Consolidated Shares on the ACE Market of Bursa Securities.
The Share Consolidation will result in a reduction in the number of Green Ocean Shares available in the market. As such, the trading price of the Green Ocean Shares will be adjusted in proportion to the basis of the Share Consolidation. The shareholders of the Company are strongly advised to trade cautiously to prevent overselling of their position in respect of their Green Ocean Shares.
This announcement is dated 11 October 2023. |
Announcement Info
| Company Name | GREEN OCEAN CORPORATION BERHAD |
| Stock Name | GOCEAN |
| Date Announced | 11 Oct 2023 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-11102023-00007 |
| Corporate Action ID | MY231011SPLR0001 |