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JAKS-WB

Adjustment

JAKS RESOURCES BERHAD

Entitlement subject Adjustment
Entitlement description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2018/2023 ("WARRANTS B") AS SPECIFIED IN THE DEED POLL DATED 5 NOVEMBER 2018 CONSTITUTING THE WARRANTS B ("DEED POLL B") AS A CONSEQUENCE OF THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,292,073,304 NEW ORDINARY SHARES IN JAKS RESOURCES BERHAD ("JRB" OR THE "COMPANY") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.22 PER RIGHTS SHARE TOGETHER WITH UP TO 646,036,652 FREE DETACHABLE WARRANTS IN JRB ("WARRANTS") ON THE BASIS OF 8 RIGHTS SHARES TOGETHER WITH 4 WARRANTS FOR EVERY 5 EXISTING ORDINARY SHARES IN JRB HELD AS AT 5.00 P.M. ON TUESDAY, 27 OCTOBER 2020 ("ENTITLEMENT DATE") ("RIGHTS ISSUE WITH WARRANTS") ("ADJUSTMENTS")
EX-date 26 Oct 2020
Entitlement date 27 Oct 2020
Entitlement time 5:00 PM
Financial Year End
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 27 Oct 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 0.8964 : 1.0000
Rights Issue/Offer Price
Par Value (if applicable)
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 notice of book closure in relation to the Rights Issue with Warrants had been announced by JRB separately on 13 October 2020 ("Announcement"). The delay to this announcement is due to oversight. We sincerely regret for any inconvenience caused. 

As stated in the Announcement, holders of outstanding warrants 2018/2023 in JRB ("Warrants B") ("Warrants B Holders") who wish to be entitled to the Rights Shares with Warrants should exercise their rights to subscribe for new JRB Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar, Tricor Investor & Issuing House Services Sdn Bhd, on or before 5.00 p.m. on 16 October 2020. This is to enable the new JRB Shares arising from such exercise to be allotted to the respective Warrants B Holders such that their names will appear in the Company's Record of Depositors as at 5.00 p.m. on the Entitlement Date.

The Warrants B Holders who have not exercised their outstanding Warrants B and whose names appear in the Record of Depositors for the outstanding Warrants B as at 5:00 p.m. on 27 October 2020 would be entitled to the Adjustments.

Fractional entitlements arising from the Adjustments, if any, will be disregarded and/ or shall be dealt with by the Board of Directors of the Company ("Board") in such manner as the Board in its absolute discretion deems fit and expedient or in the best interest of the Company.

The additional Warrants B will be listed and quoted simultaneously with the Rights Shares and Warrants. The notice to Warrants B Holders setting out the details of the adjustments to the Warrants B and the notice of allotment of additional Warrants B will be despatched to the Warrants B Holders in due course.

This announcement is dated 26 October 2020.


Announcement Info

Company Name JAKS RESOURCES BERHAD
Stock Name JAKS-WB
Date Announced 26 Oct 2020
Category Entitlement(Notice of Book Closure)
Reference Number ENT-26102020-00011


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