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

SYMLIFE-WB

Adjustment

SYMPHONY LIFE BERHAD

EX-date 15 Oct 2018
Entitlement date 17 Oct 2018
Entitlement time 05:00 PM
Entitlement subject Adjustment
Entitlement description ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS B IN SYMPHONY LIFE BERHAD ("SYMLIFE") ("WARRANT(S) B") CONSTITUTED BY THE DEED POLL DATED 17 OCTOBER 2013 PURSUANT TO RIGHTS ISSUE OF UP TO 416,969,559 ORDINARY SHARES IN SYMLIFE ("SYMLIFE SHARE(S)") ("RIGHTS SHARE(S)") AT AN ISSUE PRICE OF RM0.35 PER RIGHTS SHARE, ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) SYMLIFE SHARE HELD AS AT 5.00 P.M. ON 17 OCTOBER 2018 ("RIGHTS ISSUE")
Period of interest payment   to  
Financial Year End
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 SYMPHONY SHARE REGISTRARS SDN BHD Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301Petaling Jaya Selangor Darul Ehsan Tel: +603 7849 0777 Fax: +603 7841 8151/8152
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 17 Oct 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 39 : 100
Rights Issue/Offer Price
Par Value (if applicable)


Remarks :
Following the Rights Issue, the exercise price of Warrants B will be adjusted from RM1.10 to RM0.79 each (indicative) based on an adjustment ratio of 39:100 in accordance with the provisions of the Deed Poll and up to 42,017,800 additional Warrants B (indicative) will be issued pursuant to the adjustment.

The final adjusted exercise price and final number of additional Warrants B to be issued consequential to the Rights Issue will be effected in accordance with the provisions of the Deed Poll to the entitled Warrants B holders whose names appear in the Record of Depositors as at 5.00 p.m. on Wednesday, 17 October 2018. The additional Warrants B will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 15 November 2018. The entitlement ratio and adjusted exercise price illustrated above are indicative only and are subject to final adjustments.

The final number of additional Warrants B to be issued and allotted will depend on the number of outstanding Warrants B which have yet to be exercised as at the Entitlement Date. The notice to Warrants B holders setting out the details of the adjustments and the notice of allotment of the additional Warrants B will be despatched in due course. 

This announcement is dated 3 October 2018.


Announcement Info

Company Name SYMPHONY LIFE BERHAD
Stock Name SYMLIFE-WB
Date Announced 03 Oct 2018
Category Entitlement(Notice of Book Closure)
Reference Number ENT-03102018-00003