ICON

Share Consolidation

ICON OFFSHORE BERHAD

Entitlement subject Share Consolidation
Entitlement description
CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN ICON OFFSHORE BERHAD ("ICON" OR THE "COMPANY") ("ICON SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 28 NOVEMBER 2023 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
Ex-Date 27 Nov 2023
Entitlement date 28 Nov 2023
Entitlement time 5:00 PM
Financial Year End 31 Dec 2023
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 28 Nov 2023
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
ICON OFFSHORE BERHAD 1.0000 : 5.0000 29 Nov 2023 Round Down / Fraction Disregard

Registrar or Service Provider name, address, telephone no BOARDROOM SHARE REGISTRARS SDN BHD
11th Floor, Menara Symphony
No. 5, Jalan Prof. Khoo Kay Kim (Jalan Semangat)

Seksyen 13

46200 Petaling Jaya

Selangor

Malaysia

Tel:0378904700
Fax:0378904670


Remarks :
The Share Consolidation involves the consolidation of every 5 existing Shares into 1 Consolidated Share as at 5.00 p.m. on 28 November 2023, being the entitlement date for the Share Consolidation ("Entitlement Date").

The actual number of Consolidated Shares to be issued would depend on the number of issued Shares on the Entitlement Date after taking into consideration any new Shares that may be issued. 

Fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and/or dealt with by the Board of Directors of the Company in such manner at its absolute discretion 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 29 November 2023 ("Listing Date"), being the next market day following the Entitlement Date. 

The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled holders within 4 market days after the Listing Date.

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 14 November 2023.


Announcement Info

Company Name ICON OFFSHORE BERHAD
Stock Name ICON
Date Announced 14 Nov 2023
Category Entitlement(Notice of Book Closure)
Reference Number ENT-14112023-00004
Corporate Action ID MY231114SPLR0001


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