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

SANICHI-WC

Adjustment

SANICHI TECHNOLOGY BERHAD

EX-date 16 Nov 2018
Entitlement date 21 Nov 2018
Entitlement time 05:00 PM
Entitlement subject Adjustment
Entitlement description ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2014/2019 ("WARRANTS C") AS SPECIFIED IN THE DEED POLL DATED 14 AUGUST 2014 ("DEED POLL C") AS A CONSEQUENCE OF THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,012,285,042 NEW ORDINARY SHARES IN SANICHI TECHNOLOGY BERHAD ("SANICHI") ("SANICHI SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE TOGETHER WITH UP TO 506,142,521 FREE DETACHABLE WARRANTS IN SANICHI ("WARRANTS E") ON THE BASIS OF 2 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT E FOR EVERY 1 EXISTING SANICHI SHARE HELD BY ENTITLED SHAREHOLDERS AT 5.00 P.M. ON 21 NOVEMBER 2018 ("ENTITLED SHAREHOLDERS") ("RIGHTS ISSUE WITH WARRANTS") ("ADJUSTMENTS")
Period of interest payment   to  
Financial Year End 31 Dec 2018
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 SHAREWORKS SDN BHD No. 2-1, Jalan Sri Hartamas 8 Sri Hartamas 50480 Kuala Lumpur Tel:03 62011120 Fax:03 62013121
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 21 Nov 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 : 3
Rights Issue/Offer Price
Par Value (if applicable)


Remarks :
The Notice of Book Closure in relation to the Rights Issue with Warrants had been announced by the Company separately today.

Holders of outstanding Warrants C ("Warrant C Holders") who wish to be entitled to the Rights Shares with Warrants E should exercise their rights to subscribe for new Sanichi Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar, ShareWorks Sdn Bhd, on or before 5.00 p.m. on 14 November 2018.This is to enable the new Sanichi Shares arising from such exercise to be allotted to the respective Warrant C Holders such that their names will appear on the Record of Depositors of Sanichi by 5.00 p.m. on 21 November 2018.

The Warrant C Holders who have not exercised their outstanding Warrants C by 5.00 p.m. on 14 November 2018 and whose names appear in the Record of Depositors for the outstanding Warrants C as at 21 November 2018 would be entitled to the Adjustments. 

Arising from the Adjustments, the exercise price of Warrants C will be adjusted from RM0.63 to RM0.45 each (indicative) and up to 13,542,428 additional Warrants C (indicative) to be issued based on the indicative adjustment ratio of 1:3. 

The final adjusted exercise price and final number of additional Warrants C to be issued pursuant to the Adjustments will be effected in accordance with the provisions of the Deed Poll C and is subject to, amongst others, the number of outstanding Warrants C as at the Entitlement Date.

The notice of allotment for the additional Warrants C arising from the Adjustments and the notice to the Warrant C Holders (setting out the details of the Adjustments) will be despatched to the Warrants C Holders in due course.

This announcement is dated 5 November 2018.


Announcement Info

Company Name SANICHI TECHNOLOGY BERHAD
Stock Name SANICHI-WC
Date Announced 05 Nov 2018
Category Entitlement(Notice of Book Closure)
Reference Number ENT-24102018-00006