XDL-WC
Adjustment
| XIDELANG HOLDINGS LTD |
| EX-date | 08 Jan 2018 |
| Entitlement date | 10 Jan 2018 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENT TO THE NUMBER OF OUTSTANDING WARRANTS 2015/2018 OF THE COMPANY ("WARRANTS C") AS SPECIFIED IN THE DEED POLL DATED 17 JUNE 2015 (AS VARIED AND AMENDED BY A SUPPLEMENTAL DEED POLL DATED 27 APRIL 2016) ("DEED POLL C") ARISING FROM THE BONUS ISSUE OF UP TO 894,179,400 NEW ORDINARY SHARES OF USD0.04 EACH IN THE COMPANY ("XDL SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF XDL AT 5.00 P.M. ON 10 JANUARY 2018 ("ENTITLEMENT DATE") ("BONUS ISSUE") |
| Period of interest payment | to |
| Financial Year End | 31 Dec 2018 |
| 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 | 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 Tel: +603 2783 9299 Fax: +603 2783 9222 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 10 Jan 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 | 1 : 1 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | U.S. Dollar (USD) 0.040 |
| Remarks : |
Holders of Warrants C ("Warrant C Holders") who wish to be entitled to the Bonus Issue shall exercise their Warrants C to subscribe for new XDL Shares by lodging their duly completed exercise forms together with the relevant subscription monies with XDL's Share Registrar (at the address stated above) on or before 5.00 p.m. on 28 December 2017. This is to enable the new XDL Shares arising from such exercise to be allotted to the respective Warrant C Holders such that their names will appear in the Record of Depositors ("ROD") for XDL Shares at 5.00 p,m. on the Entitlement Date.
Effective on 11 January 2018 (being 1 market day after the Entitlement Date), the number of existing Warrants C ("Existing Warrants C") shall be adjusted in accordance with the Deed Poll C. Warrant C Holders whose names appear in the ROD for Existing Warrants C at 5.00 p.m. on 10 January 2018 (being the Entitlement Date) will be entitled to receive additional Warrants C arising from the Adjustment.
Pursuant to the Adjustment, the Warrant C Holders will be entitled to 1 additional Warrant C for every 1 existing Warrant C held.
The additional Warrants C will be listed and quoted on the Main Market of Bursa Securities on 11 January 2018. A notification to the Warrant C Holders setting out details of the Adjustment will be despatched to the Warrant C Holders in due course.
This announcement is dated 26 December 2017. |
Announcement Info
| Company Name | XIDELANG HOLDINGS LTD |
| Stock Name | XDL-WC |
| Date Announced | 26 Dec 2017 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-26122017-00005 |