FAST
Share Consolidation
| FAST ENERGY HOLDINGS BERHAD |
| Entitlement subject | Share Consolidation |
| Entitlement description | CONSOLIDATION OF EVERY 6 EXISTING ORDINARY SHARES IN FAST ENERGY HOLDINGS BERHAD ("FAST ENERGY") ("FAST ENERGY SHARE(S)") INTO 1 FAST ENERGY SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION") |
| Ex-Date | 27 Sep 2022 |
| Entitlement date | 28 Sep 2022 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Dec 2022 |
| 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 | 28 Sep 2022 |
| 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 |
| FAST ENERGY HOLDINGS BERHAD | 1.0000 : 6.0000 | 29 Sep 2022 | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no |
SHAREWORKS SDN BHD No. 2-1, Jalan Sri Hartamas 8 Sri Hartamas 50480 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0362011120 Fax:0362013121 |
| Remarks : |
The actual number of Consolidated Shares to be consolidated would depend on the issued share capital of Fast Energy on the Entitlement Date. The fractional entitlements arising from the Share Consolidation, 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 date of the listing of and quotation for the Consolidated Shares on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") shall be on 29 September 2022, being the next market date immediately after the Entitlement Date.
The notices of allotment of the Consolidated Shares to all the entitled shareholders of Fast Energy within 4 market days after the date of the listing of and quotation for the Consolidated Shares on the ACE Market of Bursa Securities.
This announcement is dated 13 September 2022. |
Announcement Info
| Company Name | FAST ENERGY HOLDINGS BERHAD |
| Stock Name | FAST |
| Date Announced | 13 Sep 2022 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-13092022-00003 |
| Corporate Action ID | MY220913SPLR0001 |