JAG-WB
Adjustment
JAG BERHAD |
Entitlement subject | Adjustment |
Entitlement description | ADJUSTMENTS TO THE NUMBER AND EXERCISE PRICE OF OUTSTANDING WARRANTS 2017/2020 ("WARRANTS B") AS SPECIFIED IN THE DEED POLL DATED 30 OCTOBER 2017 ("DEED POLL"), AS A CONSEQUENCE OF THE CONSOLIDATION OF EVERY 4 ORDINARY SHARES IN JAG BERHAD ("JAG" OR THE "COMPANY") ("JAG SHARES") INTO 1 CONSOLIDATED SHARE AT 5.00 P.M. ON 24 AUGUST 2020 ("ENTITLEMENT DATE") ("SHARE CONSOLIDATION") |
EX-date | 21 Aug 2020 |
Entitlement date | 24 Aug 2020 |
Entitlement time | 5:00 PM |
Financial Year End | 31 Dec 2020 |
Period of interest payment | to |
Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
Payment date | |
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 24 Aug 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 |
Ratio | 1.0000 : 4.0000 |
Rights Issue/Offer Price | |
Par Value (if applicable) |
Registrar or Service Provider name, address, telephone no |
SECURITIES SERVICES (HOLDINGS) SDN BHD Level 7, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara Damansara Heights 50490 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0320849000 Fax:0320949940 |
Remarks : |
Pursuant to the Share Consolidation, the number and exercise price of outstanding Warrants B which are not exercised prior to the Entitlement Date will be adjusted in accordance with the provisions of the Deed Poll. The Warrants B will be consolidated on the basis of every 4 Warrants B held by the entitled holders of Warrants B of the Company ("Entitled Holders") (whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date) into 1 Warrant B ("Consolidated Warrants B"). Fractional entitlements arising from the Adjustments, if any, shall be disregarded and dealt with by the Board of Directors of the Company in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company. The actual number of Consolidated Warrants B to be consolidated would depend on the number of outstanding Warrants B which have yet to be exercised into new JAG Shares as at the Entitlement Date. Pursuant to the Adjustments, the existing exercise price of Warrants B of RM0.15 each will be revised to RM0.60 each. The Consolidated Warrants B will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 25 August 2020, being the next market day following the Entitlement Date. The notice of allotment for the Consolidated Warrants B will be despatched to the Entitled Holders not later than 4 market days after the date of listing and quotation of the Consolidated Warrants B on Bursa Securities. The notice to the holders of Warrants B (setting out the details of the Adjustments) will be despatched to the Entitled Holders in due course. This announcement is dated 6 August 2020. |
Announcement Info
Company Name | JAG BERHAD |
Stock Name | JAG-WB |
Date Announced | 06 Aug 2020 |
Category | Entitlement(Notice of Book Closure) |
Reference Number | ENT-14072020-00002 |