Our website is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.

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


View original