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AZRB-WA

Adjustment

AHMAD ZAKI RESOURCES BERHAD

EX-date 12 Dec 2018
Entitlement date 14 Dec 2018
Entitlement time 05:00 PM
Entitlement subject Adjustment
Entitlement description ADJUSTMENTS MADE TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2014/2024 IN AHMAD ZAKI RESOURCES BERHAD ("AZRB") CONSTITUTED BY A DEED POLL DATED 18 MARCH 2014 ("DEED POLL") ("WARRANTS") PURSUANT TO THE BONUS ISSUE OF UP TO 79,840,322 NEW ORDINARY SHARES IN AZRB ("AZRB SHARES") ("BONUS SHARES") TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF 1 BONUS SHARE FOR EVERY 8 EXISTING AZRB SHARES HELD BY SHAREHOLDERS OF AZRB WHOSE NAMES APPEAR ON THE RECORD OF DEPOSITORS AS AT 5.00 P.M. ON 14 DECEMBER 2018 ("ENTITLEMENT DATE") ("BONUS ISSUE") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL ("ADJUSTMENTS").
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 MEGA CORPORATE SERVICES SDN BHD Level 15-2, Bangunan Faber Imperial Court Jalan Sultan Ismail 50250Kuala Lumpur Tel:0326924271 Fax:0327325388
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 14 Dec 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 : 8
Rights Issue/Offer Price
Par Value (if applicable)


Remarks :
Warrant holders are advised to read this notice of book closure together with the Company's announcements dated 30 November 2018 in relation to the notice of book closure for the Bonus Shares.

The exercise price of the Warrants will be adjusted which will be rounded up to the nearest one (1) sen, in accordance with the provisions of the Deed Poll while additional Warrants consequential to the Bonus Issue will be allotted and issued to the entitled Warrant holders of the Company whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date. Any adjustments to the number of Warrants will be rounded downwards to the nearest whole Warrant.

The final number of additional Warrants to be issued and allotted will depend on the number of outstanding Warrants which have yet to be exercised as at the Entitlement Date and shall be listed and quoted simultaneously with the Bonus Shares on 17 December 2018. The notice to Warrant holders setting out the details of the adjustments and the notice of allotment of the additional Warrants will be despatched in due course.

This announcement is dated 30 November 2018.


Announcement Info

Company Name AHMAD ZAKI RESOURCES BERHAD
Stock Name AZRB-WA
Date Announced 30 Nov 2018
Category Entitlement(Notice of Book Closure)
Reference Number ENT-30112018-00029