RENEUCO
Bonus Issue
| KPOWER BERHAD |
| Entitlement subject | Bonus Issue |
| Entitlement description | Issuance of up to 150,776,882 warrants in KPower Berhad (formerly known as Kumpulan Powernet Berhad) ("KPower" or the "Company") ("Warrant(s)") to the existing shareholders of KPower on the basis of 1 Warrant for every 3 existing ordinary shares held in KPower held as at 5.00 p.m. on 13 January 2021 |
| Shareholder's Approval | Yes |
| Ex-Date | 12 Jan 2021 |
| Entitlement date | 13 Jan 2021 |
| Entitlement time | 5:00 PM |
| Financial Year End | 30 Jun 2021 |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| Securities Crediting Date | |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 13 Jan 2021 |
| 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) | |
| Securities Entitlement | |
| Company Name |
KPOWER BERHAD |
| Entitlement |
Warrants |
| Ratio (New : Existing) | 1.0000 : 3.0000 |
| Available/Listing Date | 26 Jan 2021 |
| Fractional 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 Wilayah Persekutuan Malaysia Tel:0327839299 Fax:0327839222 |
| Remarks : |
The Warrants will be credited into the entitled warrantholders' central depository system account and a notice of allotment will be issued and despatched to the entitled shareholders at the address as per the Record of Depositors prior to the listing and quotation for the Warrants. Entitled warrantholders are not required to take any action. The notices of allotment will be issued and despatched to all the entitled warrantholders of KPower within 4 market days after the date of the listing and quotation for the Warrants on the Main Market of Bursa Malaysia Securities Berhad. Entitled warrantholders are not required to take any action. This announcement is dated 29 December 2020. |
Announcement Info
| Company Name | KPOWER BERHAD |
| Stock Name | KPOWER |
| Date Announced | 29 Dec 2020 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-29122020-00003 |
| Corporate Action ID | MY201229BONU0001 |