MLAB
Share Consolidation
| MLABS SYSTEMS BERHAD |
| Entitlement subject | Share Consolidation |
| Entitlement description | CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN MLABS SYSTEMS BERHAD ("MLABS" OR THE "COMPANY") ("MLABS SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 4 NOVEMBER 2020 INTO 1 MLABS SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") |
| Ex-Date | 03 Nov 2020 |
| Entitlement date | 04 Nov 2020 |
| Entitlement time | 5:00 PM |
| Financial Year End | 30 Jun 2021 |
| 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 | 04 Nov 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 |
| Par Value (if applicable) | |
Entitlement Details
| Company Name | Ratio (New : Existing) |
Available/Listing Date | Fractional Entitlement |
| MLABS SYSTEMS BERHAD | 1.0000 : 10.0000 | 05 Nov 2020 | Round Down / Fraction Disregard |
| 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 : |
The Share Consolidation involves the consolidation of every 10 existing MLABS Shares into 1 Consolidated Share as at 5.00 p.m. on 4 November 2020, being the entitlement date for the Share Consolidation.
The actual number of Consolidated Shares to be issued would depend on the issued share capital of MLABS 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 of the Company at its absolute discretion in such manner 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 5 November 2020, 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 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 Shares available in the market and the trading price of the Shares will be adjusted accordingly 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 the Shares held.
This announcement is dated 20 October 2020. |
Announcement Info
| Company Name | MLABS SYSTEMS BERHAD |
| Stock Name | MLAB |
| Date Announced | 20 Oct 2020 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-20102020-00001 |
| Corporate Action ID | MY201020SPLR0001 |