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Share Consolidation


Entitlement subject Share Consolidation
Entitlement description
Consolidation of every twenty-five (25) ordinary shares in Lagenda Properties Berhad (formerly known as D.B.E. Gurney Resources Berhad) ("LPB") ("LPB Shares") into one (1) ordinary share in LPB ("Consolidated Shares") ("Share Consolidation")
Ex-Date 05 Aug 2020
Entitlement date 06 Aug 2020
Entitlement time 5:00 PM
Financial Year End 31 Dec 2020
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 06 Aug 2020
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
D.B.E. GURNEY RESOURCES BERHAD 1.0000 : 25.0000 07 Aug 2020 Round Down / Fraction Disregard

Registrar or Service Provider name, address, telephone no INSURBAN CORPORATE SERVICES SDN BHD
149 Jalan Aminuddin Baki
Taman Tun Dr Ismail

60000 Kuala Lumpur

Wilayah Persekutuan



Remarks :
The Share Consolidation entails the consolidation of every twenty-five (25) existing LPB Shares into one (1) Consolidated Share as at 5.00 p.m. on 6 August 2020, being the entitlement date for the Share Consolidation. 

The actual number of Consolidated Shares to be issued would depend on the issued share capital of LPB on the entitlement date, taking into account any new LPB Shares arising from the exercise of the outstanding five-year warrants 2017/2022 in LPB as specified by the deed poll dated 20 January 2017. 

Fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and dealt with by the board of directors of LPB in such manner at its absolute discretion as it may deem fit or expedient and in the best interests of LPB. 

The Consolidated Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 7 August 2020, being the next market day after the entitlement date for the Share Consolidation. 

The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders for the Share Consolidation within four (4) market days after the listing and quotation of the Consolidated Shares on the Main Market of Bursa Malaysia Securities Berhad. 

This announcement is dated 22 July 2020.

Announcement Info

Stock Name DBE
Date Announced 22 Jul 2020
Category Entitlement(Notice of Book Closure)
Reference Number ENT-21072020-00008
Corporate Action ID MY200721SPLR0001

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