GOCEAN

Share Consolidation

GREEN OCEAN CORPORATION BERHAD

Entitlement subject Share Consolidation
Entitlement description
CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN GREEN OCEAN CORPORATION BERHAD ("GREEN OCEAN" OR "COMPANY") ("GREEN OCEAN SHARE(S)" OR "SHARE(S)") INTO 1 GREEN OCEAN SHARE ("SHARE CONSOLIDATION")
Ex-Date 25 Oct 2023
Entitlement date 26 Oct 2023
Entitlement time 5:00 PM
Financial Year End 30 Sep 2024
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 26 Oct 2023
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
GREEN OCEAN CORPORATION BERHAD 1.0000 : 10.0000 27 Oct 2023 Round Down / Fraction Disregard

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:03 6413 3271
Fax:03 6413 3270


Remarks :
The Share Consolidation involves the consolidation of every 10 Green Ocean Shares held as at 5.00 p.m. on 26 October 2023, being the entitlement date for the Share Consolidation, into 1 Green Ocean Share ("Consolidated Share(s)"). 

The actual number of Consolidated Shares will be determined based on the total number of issued shares of the Company 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 in such manner at its absolute discretion 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 27 October 2023, 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 of the Company within 4 market days after the date of listing and quotation of the Consolidated Shares on the ACE Market of Bursa Securities.

The Share Consolidation will result in a reduction in the number of Green Ocean Shares available in the market. As such, the trading price of the Green Ocean Shares will be adjusted in proportion to the basis of the Share Consolidation. The shareholders of the Company are strongly advised to trade cautiously to prevent overselling of their position in respect of their Green Ocean Shares.

This announcement is dated 11 October 2023.


Announcement Info

Company Name GREEN OCEAN CORPORATION BERHAD
Stock Name GOCEAN
Date Announced 11 Oct 2023
Category Entitlement(Notice of Book Closure)
Reference Number ENT-11102023-00007
Corporate Action ID MY231011SPLR0001


View original