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NETX

Share Consolidation

NETX HOLDINGS BERHAD

Entitlement subject Share Consolidation
Entitlement description
CONSOLIDATION OF EVERY 25 ORDINARY SHARES IN NETX HOLDINGS BERHAD ("NETX" OR THE "COMPANY") ("NETX SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 24 SEPTEMBER 2020 INTO 1 NETX SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
Ex-Date 23 Sep 2020
Entitlement date 24 Sep 2020
Entitlement time 5:00 PM
Financial Year End 30 Nov 2020
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 24 Sep 2020
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
NETX HOLDINGS BERHAD 1.0000 : 25.0000 25 Sep 2020 Round Down / Fraction Disregard

Registrar or Service Provider name, address, telephone no SHAREWORKS SDN BHD
No. 2-1, Jalan Sri Hartamas 8
Sri Hartamas

50480 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0362011120
Fax:0362013121


Remarks :
The Share Consolidation involves the consolidation of every 25 existing NetX Shares into 1 Consolidated Share as at 5.00 p.m. on 24 September 2020, being the entitlement date for the Share Consolidation.

The actual number of Consolidated Shares to be issued would depend on the issued share capital of NetX 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 of the Company at its absolute discretion in such manner 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 25 September 2020, 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 within 4 market days after the date of listing and quotation of the Consolidated Shares on the ACE Market of Bursa Securities.

This announcement is dated 9 September 2020.


Announcement Info

Company Name NETX HOLDINGS BERHAD
Stock Name NETX
Date Announced 09 Sep 2020
Category Entitlement(Notice of Book Closure)
Reference Number ENT-09092020-00002
Corporate Action ID MY200909SPLR0001


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