DGB-WB

Adjustment

DGB ASIA BERHAD

Entitlement subject Adjustment
Entitlement description
ADJUSTMENT TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2018/2021 OF DGB ASIA BERHAD ("DGB" OR THE "COMPANY") ("WARRANTS B") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 25 JUNE 2018 CONSTITUTING THE WARRANTS B (''DEED POLL B'') PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,202,508,096 NEW ORDINARY SHARES IN DGB (''DGB SHARES'' OR ''SHARES'') (''RIGHTS SHARES'') AT AN ISSUE PRICE OF RM0.12 PER RIGHTS SHARE TOGETHER WITH UP TO 601,254,048 FREE DETACHABLE WARRANTS IN DGB (''WARRANTS C'') ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 22 DECEMBER 2020 (''RIGHTS ISSUE WITH WARRANTS'') (''ADJUSTMENTS'')
EX-date 21 Dec 2020
Entitlement date 22 Dec 2020
Entitlement time 5:00 PM
Financial Year End 31 Dec 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 22 Dec 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 1.2961 : 1.0000
Rights Issue/Offer Price
Par Value (if applicable)
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 Notice of Book Closure in relation to the Rights Issue with Warrants had been announced by the Company separately today.

Holders of outstanding Warrants B ("Warrant B Holders") who wish to be entitled to the Rights Shares with Warrants C should exercise their rights to subscribe for new 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 15 December 2020. This is to enable the new Shares arising from such exercise to be allotted to the respective Warrant B Holders such that their names will appear on the Record of Depositors of the Company by 5.00 p.m. on 22 December 2020 ("Entitlement Date").

The Warrant B Holders who have not exercised their outstanding Warrants B by 5.00 p.m. on 15 December 2020 and whose names appear in the Record of Depositors for the outstanding Warrants B on the Entitlement Date would be entitled to the Adjustments.

The entitlement ratio indicated above is for illustration only based on the latest issued share capital of the Company and assuming all entitled shareholders subscribe for their respective entitlements under the Rights Issue with Warrants. The actual number of additional Warrants B to be issued and the adjusted exercise price of the Warrants B pursuant to the Adjustments shall be finalised at a later date prior to the listing and quotation of the Rights Shares with Warrants C. 

The notice to Warrant B Holders (setting out details of the Adjustments) will be despatched to the Warrant B Holders in due course.

This announcement is dated 8 December 2020.


Announcement Info

Company Name DGB ASIA BERHAD
Stock Name DGB-WB
Date Announced 08 Dec 2020
Category Entitlement(Notice of Book Closure)
Reference Number ENT-08122020-00005


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