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

NOTION-WC

Adjustment

NOTION VTEC BERHAD

Entitlement subject Adjustment
Entitlement description
Adjustment to the exercise price and number of outstanding warrants 2018/2023 in Notion VTec Berhad ("NVB") constituted by the deed poll dated 26 February 2018 ("Deed Poll") ("Warrants-C") pursuant to the bonus issue of up to 188,078,269 new ordinary shares in NVB ("Bonus Shares") on the basis of 1 Bonus Share for every 2 existing ordinary shares in NVB ("Shares") held as at 5.00 p.m. on 15 May 2020 ("Entitlement Date") ("Bonus Issue")
EX-date 14 May 2020
Entitlement date 15 May 2020
Entitlement time 5:00 PM
Financial Year End 30 Sep 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 15 May 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 : 2.0000
Rights Issue/Offer Price
Par Value (if applicable)
Registrar or Service Provider name, address, telephone no TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD
Unit 32-01, Level 32, Tower A,
Vertical Business Suite, Avenue 3, Bangsar South,

No. 8, Jalan Kerinchi

59200 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0327839299
Fax:0327839222


Remarks :
Following the Bonus Issue, the exercise price and number of outstanding Warrants-C shall be adjusted in accordance with the provisions of the Deed Poll ("Adjustments").

Additional Warrants-C arising from the Adjustments will be allotted and issued to the holders of Warrants-C whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date. 

The actual number of additional Warrants-C to be issued and allotted would depend on the outstanding number of Warrants-C which have yet to be exercised into new Shares as at the Entitlement Date. 

The additional Warrants-C will be listed and quoted simultaneously with the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad on 18 May 2020, being the next market day immediately after the Entitlement Date. The notice to the holders of Warrants-C setting out the details of the Adjustments as well as the notice of allotment of the additional Warrants-C will be despatched in due course. 

Holders of Warrants-C who wish to be entitled to the Bonus Shares shall exercise their rights to subscribe for new Shares by lodging their duly completed exercise forms together with the relevant subscription monies with NVB's share registrar (at the address stated above) on or before 5.00 p.m. on 5 May 2020 such that their names will appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date.   

This announcement is dated 28 April 2020.


Announcement Info

Company Name NOTION VTEC BERHAD
Stock Name NOTION-WC
Date Announced 28 Apr 2020
Category Entitlement(Notice of Book Closure)
Reference Number ENT-28042020-00007


View original