Additional Listing Announcement /Subdivision of Shares
| CWG HOLDINGS BERHAD |
1. Details of Corporate Proposal |
|
| Involve issuance of new type/class of securities ? | No |
| Types of corporate proposal | Rights Issue |
| Details of corporate proposal | ADJUSTMENTS TO THE EXERCISE PRICE AND THE NUMBER OF OUTSTANDING WARRANTS 2022/2027 ("WARRANTS") IN ACCORDANCE WITH THE DEED POLL DATED 14 FEBRUARY 2022 PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 147,317,119 NEW ORDINARY SHARES IN CWG HOLDINGS BERHAD ("CWG" OR THE "COMPANY") ("CWG SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT AN ISSUE PRICE OF RM0.18 PER RIGHTS SHARE, ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 5 EXISTING CWG SHARES HELD AS AT 5.00 P.M. ON MONDAY, 9 SEPTEMBER 2024 ("RIGHTS ISSUE") ("ADJUSTMENTS") |
| No. of shares issued under this corporate proposal | 17,499,191 |
| Issue price per share ($$) | Malaysian Ringgit (MYR) 0.0000 |
| Par Value($$) (if applicable) | |
Latest issued share capital after the above corporate proposal in the following |
|
| Units | 99,326,101 |
| Issued Share Capital ($$) | Malaysian Ringgit (MYR) 0.000 |
| Listing Date | 08 Oct 2024 |
| Remarks : |
Pursuant to the Rights Issue, the exercise price of the Warrants has been revised from RM0.36 to RM0.30 and an additional 17,499,191 Warrants have been allotted and issued to the entitled Warrant holders whose names appear on the Record of Depositors of CWG Holdings Berhad at 5.00 p.m. on Monday, 9 September 2024. The additional Warrants will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 8 October 2024 simultaneously with the Rights Shares. |
Announcement Info
| Company Name | CWG HOLDINGS BERHAD |
| Stock Name | CWG-WA |
| Date Announced | 07 Oct 2024 |
| Category | Additional Listing Announcement /Subdivision of Shares |
| Reference Number | ALA-07102024-00012 |