AT-WC

Adjustment

AT SYSTEMATIZATION BERHAD

Entitlement subject Adjustment
Entitlement description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2020/2025 OF AT SYSTEMATIZATION BERHAD ("ATS" OR THE "COMPANY") ("WARRANTS C") AS SPECIFIED IN THE DEED POLL DATED 26 FEBRUARY 2020 ("DEED POLL C"), PURSUANT TO THE CONSOLIDATION OF EVERY 30 EXISTING ORDINARY SHARES IN ATS ("ATS SHARES" OR "SHARES") INTO 1 ATS SHARE ("CONSOLIDATED SHARE") HELD AT 5.00 P.M. ON 11 JANUARY 2024 ("ENTITLEMENT DATE") ("SHARE CONSOLIDATION")
EX-date 10 Jan 2024
Entitlement date 11 Jan 2024
Entitlement time 5:00 PM
Financial Year End 31 Mar 2024
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 11 Jan 2024
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 : 30.0000
Rights Issue/Offer Price
Par Value (if applicable)
Registrar or Service Provider name, address, telephone no WORKSHIRE SHARE REGISTRATION SDN BHD
A3-3-8, Solaris Dutamas
No. 1, Jalan Dutamas 1

50480 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0364133271
Fax:0364133270


Remarks :
Pursuant to the Share Consolidation, the exercise price and the number of outstanding Warrants C which are not exercised prior to the Entitlement Date will be adjusted in accordance with the provisions of the Deed Poll C ("Adjustments").

The outstanding Warrants C will be consolidated on the basis of every 30 Warrants C held by the entitled Warrant C holders (whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date) ("Entitled Warrant C Holders") into 1 Warrant C ("Consolidated Warrant C").

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.

Pursuant to the Adjustments, the existing number of 469,053,650 Warrants C will be adjusted into a maximum number of 15,635,121 Consolidated Warrants C to be issued and allotted to the Entitled Warrant C Holders. The actual number of Consolidated Warrants C to be issued and allotted would depend on the number of outstanding Warrants C which have yet to be exercised into new ATS Shares as at the Entitlement Date.

Further, the existing exercise price of Warrants C of RM0.035 each will be revised to RM1.05 each pursuant to the Adjustments.

The Consolidated Warrants C will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 12 January 2024, being the next market day following the Entitlement Date.

The notices of allotment for the Consolidated Warrants C will be despatched to the Entitled Warrant C Holders not later than 4 market days after the date of listing and quotation of the Consolidated Warrants C on the ACE Market of Bursa Securities. The notice to the Entitled Warrant C Holders (setting out the details of the Adjustments) will be despatched to the Entitled Warrant C Holders in due course.

The Share Consolidation will result in a reduction in the number of Warrants C available in the market and the trading price of the Warrants C will be adjusted accordingly in proportion to the basis of the Share Consolidation. The Entitled Warrant C Holders are strongly advised to trade cautiously to prevent overselling of their position in respect of the Warrants C held.

This announcement is dated 26 December 2023.


Announcement Info

Company Name AT SYSTEMATIZATION BERHAD
Stock Name AT-WC
Date Announced 26 Dec 2023
Category Entitlement(Notice of Book Closure)
Reference Number ENT-22122023-00004


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