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BAHVEST-WA

Adjustment

BORNEO AQUA HARVEST BERHAD

EX-date 06 Dec 2018
Entitlement date 10 Dec 2018
Entitlement time 05:00 PM
Entitlement subject Adjustment
Entitlement description Adjustments to the exercise price and number of outstanding Warrants 2017/2024 of Borneo Aqua Harvest Berhad ("BAHVEST") (Warrants) constituted by a deed poll dated 2 August 2017 ("Deed Poll") which governs the terms and conditions of the Warrants pursuant to the bonus issue of up to 938,995,138 new ordinary shares in BAHVEST ("Bonus Share(s)"), on the basis of 1 Bonus Share for every 1 existing ordinary share held in BAHVEST at 5.00 p.m. on 10 December 2018 ("Entitlement Date") (Bonus Issue) ("Adjustment")
Period of interest payment   to  
Financial Year End 31 Mar 2019
Share transfer book & register of members will be   to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no SECURITIES SERVICES (HOLDINGS) SDN BHD Level 7, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara Damansara Heights 50490 Kuala Lumpur. Tel:03 20849000 Fax:03 20949940
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 10 Dec 2018
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 : 1
Rights Issue/Offer Price
Par Value (if applicable)


Remarks :
Holders of the Warrants ("Warrant Holders") who wish to be entitled to the Bonus Issue should exercise their Warrants by lodging their duly completed exercise forms together with the relevant subscription monies with BAHVESTs share registrar on or before 5.00 p.m. on 26 November 2018 such that their names will appear on the Record of Depositors at 5.00 p.m. on the Entitlement Date. 

Up to 299,997,878 additional Warrants will be issued and allotted pursuant to the Adjustment. The exact number of additional Warrants to be issued and allotted will depend on the number of outstanding Warrants as at the Entitlement Date.

The additional Warrants will be listed and quoted on the ACE Market of Bursa Securities simultaneously with the Bonus Shares on 11 December 2018, being the next market day immediately after the Entitlement Date.

BAHVEST's share registrar will issue and despatch the notice to Warrant Holders setting out the details of the Adjustment and notice of allotment for the additional Warrants in due course.


This announcement is dated 23 November 2018


Announcement Info

Company Name BORNEO AQUA HARVEST BERHAD
Stock Name BAHVEST-WA
Date Announced 23 Nov 2018
Category Entitlement(Notice of Book Closure)
Reference Number ENT-23112018-00004