SPRING
Bonus Issue
| SPRING ART HOLDINGS BERHAD |
| Entitlement subject | Bonus Issue |
| Entitlement description | SPRING ART HOLDINGS BERHAD ("SPRING ART HOLDINGS" OR THE "COMPANY")
BONUS ISSUE OF 166,274,800 FREE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 5 EXISTING SPRING ART SHARES HELD AT 5.00 P.M. ON 23 FEBRUARY 2021 ("BONUS ISSUE OF WARRANTS") |
| Shareholder's Approval | Yes |
| Ex-Date | 22 Feb 2021 |
| Entitlement date | 23 Feb 2021 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Dec 2021 |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| Securities Crediting Date | |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 23 Feb 2021 |
| 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) | |
| Securities Entitlement | |
| Company Name |
SPRING ART HOLDINGS BERHAD |
| Entitlement |
Warrants |
| Ratio (New : Existing) | 2.0000 : 5.0000 |
| Available/Listing Date | 04 Mar 2021 |
| Fractional Entitlement | 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 Bonus Issue of Warrants will entail the issuance of 166,274,800 Warrants to be credited as fully paid-up on the basis of 2 Warrants for every 5 existing Spring Art Shares held by the entitled shareholders.
The Warrants will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 4 March 2021, being 2 market days after the submission of the quotation application for Warrants to Bursa Securities.
The notices of allotment for the Warrants will be issued and despatched to all entitled shareholders not later than 4 market days after the date of the listing and quotation of the Warrants on the ACE Market of Bursa Securities.
This announcement is dated 8 February 2021. |
Announcement Info
| Company Name | SPRING ART HOLDINGS BERHAD |
| Stock Name | SPRING |
| Date Announced | 08 Feb 2021 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-05022021-00008 |
| Corporate Action ID | MY210205BONU0001 |