EG-WD - Notice of Book Closure

ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2023/2028 ("WARRANTS D") IN EG INDUSTRIES BERHAD ("EGIB" OR THE "COMPANY") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 12 DECEMBER 2023 ("DEED POLL") PURSUANT TO THE BONUS ISSUE UP TO 692,909,981 NEW ORDINARY SHARES IN EGIB ("BONUS SHARE(S)") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING ORDINARY SHARE IN EGIB ("EGIB SHARES" OR "SHARES") HELD BY THE ENTITLED SHAREHOLDERS AS AT 5.00 P.M. ON 25 APRIL 2025 ("ENTITLEMENT DATE") ("BONUS ISSUE ") ("ADJUSTMENTS")

Further to Reference No. ILC-11042025-00001, kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 24 Apr 2025 (Remain unchanged)
2) The last date of lodgment : 25 Apr 2025 (Remain unchanged)

Remarks 1: 

Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 25 Apr 2025 with adjustment to the number of outstanding EG-WD shares, any shareholder who is entitled to receive EG-WD additional shares may now sell any or all of his EG-WD shares arising from adjustment consequent to the bonus issue beginning the Ex-Date (24 Apr 2025).

For example, if Mr X purchases 100 EG-WD shares on cum basis on 23 Apr 2025, Mr X should receive 100 EG-WD shares on 25 Apr 2025. 
Consequent to a bonus issue, an additional of 100 EG-WD shares will be credited into Mr X's CDS account on the night of 25 Apr 2025 being the Book Closing Date. Therefore, Mr X can sell a total of 200 EG-WD shares on or after the Ex-Date ie from 24 Apr 2025 onwards.

Note : Added "EG-WD" for additional clarity.

Remarks 2: 

Pursuant to the Bonus Issue, the exercise price and the number of Warrants D which are not exercised prior to the Entitlement Date will be adjusted in accordance with the provisions of the Deed Poll.

Up to 225,108,007 Warrants D will be allotted and issued pursuant to the Adjustments ("Additional Warrant(s) D"). The actual number of Additional Warrants D to be allotted and issued from the Adjustments would depend on the number of outstanding Warrants D as at the Entitlement Date.

Fractional entitlements arising from the Adjustments, if any, shall be disregarded and dealt with in such manner as the Board of Directors of the Company may in its absolute discretion deem fit, expedient and in the best interest of the Company. 

Pursuant to the Adjustments, the existing exercise price of Warrants D of RM1.80 each will be revised to RM0.90 each.

The Additional Warrants D will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") simultaneously with the Bonus Shares on 28 April 2025, being the next market day following the Entitlement Date.

The notice of allotment for the Additional Warrants D will be issued and despatched to all the entitled holders not later than 4 market days after the date of the listing of and quotation for the Additional Warrants D on the Main Market of Bursa Securities. The notice to holders of the Warrants D setting out the details of the Adjustments to the Warrants D will be despatched in due course.