TECHNAX

Share Consolidation

TECHNA-X BERHAD

Entitlement subject Share Consolidation
Entitlement description
CONSOLIDATION OF EVERY 20 EXISTING ORDINARY SHARES IN TECHNA-X BERHAD ("TXB" OR "COMPANY") ("TXB SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 10 MAY 2024 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
Ex-Date 09 May 2024
Entitlement date 10 May 2024
Entitlement time 5:00 PM
Financial Year End 30 Jun 2024
Share transfer book & register of members will be  to  closed from (both dates inclusive) for the purpose of determining the entitlement
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 10 May 2024
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)

Entitlement Details

Company Name Ratio
(New : Existing)
Available/Listing Date Fractional Entitlement
TECHNA-X BERHAD 1.0000 : 20.0000 13 May 2024 Round Down / Fraction Disregard

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

Wilayah Persekutuan

Malaysia

Tel:0320849000
Fax:0320949940


Remarks :
The Share Consolidation involves the consolidation of every 20 existing Shares into 1 Consolidated Share as at 5.00 p.m. on 10 May 2024, being the entitlement date for the Share Consolidation.

The actual number of Consolidated Shares to be issued would depend on the issued share capital of the Company on the entitlement date for the Share Consolidation. Fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and dealt with by the Board of Directors of the Company at its absolute discretion in such manner as it may deem fit or expedient and in the best interest of the Company.

The Consolidated Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 13 May 2024, being the next market day following the entitlement date for the Share Consolidation.

The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders within 4 market days after the date of listing and quotation of the Consolidated Shares on the Main Market of Bursa Securities.

The Share Consolidation will result in a reduction in the number of Shares available in the market and the trading price of the Shares will be adjusted accordingly in proportion to the basis of the Share Consolidation. The shareholders of the Company are strongly advised to trade cautiously to prevent overselling of their position in respect of the Shares held.

This announcement is dated 25 April 2024.


Announcement Info

Company Name TECHNA-X BERHAD
Stock Name TECHNAX
Date Announced 25 Apr 2024
Category Entitlement(Notice of Book Closure)
Reference Number ENT-23042024-00005
Corporate Action ID MY240423SPLR0001


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