KOMARK
Share Consolidation
| KOMARKCORP BERHAD |
| Entitlement subject | Share Consolidation |
| Entitlement description | CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN KOMARKCORP BERHAD ("KOMARKCORP" OR THE "COMPANY") ("KOMARKCORP SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 25 OCTOBER 2023 INTO 1 KOMARKCORP SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") |
| Ex-Date | 24 Oct 2023 |
| Entitlement date | 25 Oct 2023 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Mar 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 | 25 Oct 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 |
| KOMARKCORP BERHAD | 1.0000 : 5.0000 | 26 Oct 2023 | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no |
ALDPRO CORPORATE SERVICES SDN BHD B-21-1, Level 21, Tower B Northpoint Midvalley City No. 1, Medan Syed Putra Utara 59200 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0397702200 Fax:0397702239 |
| Remarks : |
The Share Consolidation involves the consolidation of every 5 existing Shares into 1 Consolidated Share as at 5.00 p.m. on 25 October 2023, being the entitlement date for the Share Consolidation.
The actual number of Consolidated Shares will be determined based on the total number of issued shares 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 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 26 October 2023, 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 of the Company 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 10 October 2023. |
Announcement Info
| Company Name | KOMARKCORP BERHAD |
| Stock Name | KOMARK |
| Date Announced | 10 Oct 2023 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-09102023-00007 |
| Corporate Action ID | MY231009SPLR0001 |