LONBISC-WA
Adjustment
| LONDON BISCUITS BERHAD |
| EX-date | 18 Jan 2019 |
| Entitlement date | 23 Jan 2019 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF THE OUTSTANDING WARRANTS 2015/2020 IN LONDON BISCUITS BERHAD ("LBB" OR THE "COMPANY") CONSTITUTED BY THE DEED POLL DATED 7 JANUARY 2015 ("DEED POLL") ("OUTSTANDING WARRANTS") PURSUANT TO THE BONUS ISSUE OF UP TO 61,549,100 NEW ORDINARY SHARES IN LBB ("LBB SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 4 EXISTING LBB SHARES HELD AS AT 5.00 P.M. ON 23 JANUARY 2019 ("ENTITLEMENT DATE") ("BONUS ISSUE") |
| Period of interest payment | to |
| Financial Year End | 30 Sep 2019 |
| 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 | BINA MANAGEMENT (M) SDN BHD Lot 10, The Highway Centre, Jalan 51/205, 46050 Petaling Jaya, Selangor Darul Ehsan Tel:03-7784 3922 Fax:03-7784 1988 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 23 Jan 2019 |
| 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 : 4 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Remarks : |
Following the Bonus Issue, the exercise price and the number of Outstanding Warrants shall be adjusted in accordance with the provisions of the Deed Poll ("Adjustments").
Additional new Warrants 2015/2020 arising from the Adjustments ("Additional Warrants") will be allotted and issued to the entitled holders of Outstanding Warrants of the Company, whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date.
The actual number of Additional Warrants to be issued and allotted would depend on the number of Outstanding Warrants which have yet to be exercised into new LBB Shares as at the Entitlement Date.
The Additional Warrants will be listed and quoted simultaneously with the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad on 24 January 2019, being the next market day following the Entitlement Date. The notice to the holders of Outstanding Warrants setting out the details of the Adjustments as well as the notice of allotment of the Additional Warrants will be despatched in due course.
Holders of the Outstanding Warrants who wish to be entitled to the Bonus Shares shall exercise their rights to subscribe for new LBB Shares by lodging their duly completed exercise forms together with the relevant subscription monies with LBBs Share Registrar (at the address stated above) on or before 5.00 p.m. on 10 January 2019 such that their names will appear in the Record of Depositors for LBB Shares at 5.00 p.m. on the Entitlement Date.
This announcement is dated 8 January 2019. |
Announcement Info
| Company Name | LONDON BISCUITS BERHAD |
| Stock Name | LONBISC-WA |
| Date Announced | 08 Jan 2019 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-08012019-00003 |