LBS-WB

Adjustment

LBS BINA GROUP BERHAD

EX-date 22 Feb 2018
Entitlement date 26 Feb 2018
Entitlement time 05:00 PM
Entitlement subject Adjustment
Entitlement description Adjustments to the exercise price and number of outstanding Warrants 2015/2020 of LBS Bina Group Berhad ("LBGB") ("Warrants B") constituted by a deed poll dated 3 September 2015 ("Deed Poll") which governs the terms and conditions of the Warrants B pursuant to the subdivision of every 1 existing ordinary share in LBGB into 2 ordinary shares in LBGB ("Subdivided Share(s)") ("Subdivision") and the bonus issue of up to 162,993,550 new ordinary shares in LBGB ("Bonus Share(s)"), on the basis of 1 Bonus Share for every 10 Subdivided Shares held by the shareholders of LBGB at 5.00 p.m. on 26 February 2018 ("Entitlement Date") ("Bonus Issue") ("Corporate Exercises") ("Adjustments")
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 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 : 03 2783 9299 Fax: 03 2783 9222
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 26 Feb 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 12 : 10
Rights Issue/Offer Price
Par Value (if applicable)


Remarks :
The terms used herein shall, unless the context otherwise states, bear the same meaning as those defined in the circular to shareholders dated 21 December 2017 in relation to the Corporate Exercises.

The notices of book closure date in relation to the Subdivision and Bonus Issue have been announced separately on 7 February 2018.

Holders of the Warrants B ("Warrant B Holders") who wish to be entitled to the Subdivision and Bonus Issue should exercise their Warrants B by lodging their duly completed exercise forms together with the relevant subscription monies with LBGB's share registrar on or before 5.00 p.m. on 14 February 2018 such that their names will appear on the Record of Depositors at 5.00 p.m. on the Entitlement Date. 

Up to 67,316,805 additional Warrants B will be issued and allotted pursuant to the Adjustments. The exact number of additional Warrants B to be issued and allotted will depend on the number of outstanding Warrants B as at the Entitlement Date.

The additional Warrants will be listed and quoted on the Main Market of Bursa Securities simultaneously with the Subdivided Shares and Bonus Shares on 27 February 2018, being the next market day immediately after the Entitlement Date.

LBGB's share registrar will issue and despatch the notice to Warrant B Holders setting out the details of the Adjustments and notice of allotment for the additional Warrants B in due course.


This announcement is dated 13 February 2018.


Announcement Info

Company Name LBS BINA GROUP BERHAD
Stock Name LBS-WB
Date Announced 13 Feb 2018
Category Entitlement(Notice of Book Closure)
Reference Number ENT-13022018-00007


View original