DESTINI

Rights Issue

DESTINI BERHAD

Entitlement subject Rights Issue
Type Renounceable
Entitlement description
RENOUNCEABLE RIGHTS ISSUE OF UP TO 3,327,063,258 NEW ORDINARY SHARES IN DESTINI BERHAD ("DESTINI" OR THE "COMPANY") ("DESTINI SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT THE ISSUE PRICE OF RM0.04 PER RIGHTS SHARE, ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING DESTINI SHARE HELD, TOGETHER WITH UP TO 1,663,531,629 FREE DETACHABLE WARRANTS IN DESTINI ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR, AS AT 5.00 P.M. ON TUESDAY, 13 FEBRUARY 2024 ("RIGHTS ISSUE WITH WARRANTS")
Ex-Date 09 Feb 2024
Entitlement date 13 Feb 2024
Entitlement time 5:00 PM
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 13 Feb 2024
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)
Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.0400
Par Value (if applicable)
Entitlement indicator Ratio
Entitlement Details
Company Name
DESTINI BERHAD
Entitlement Ordinary Rights
Ratio (New:Existing) 2.0000  : 1.0000
Rights Crediting Date 13 Feb 2024
Fractional Entitlement
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

Malaysia

Tel:0377295529
Fax:0377285948


Remarks :
The abridged prospectus, together with the Notice of Provisional Allotment and the Rights Subscription Form relating to the Rights Issue with Warrants (collectively referred to as the "Documents") will only be despatched to the shareholders of the Company whose names appear in the Company's record of depositors as at 5.00 p.m. on Tuesday, 13 February 2024 ("Entitlement Date") ("Entitled Shareholders") at their registered address in Malaysia or who have provided the Share Registrar with an address in Malaysia in writing by 5.00 p.m. on the Entitlement Date. Entitled Shareholders who do not have a registered address in Malaysia and wish to provide their Malaysian address, should inform their respective stockbrokers or Insurban Corporate Services Sdn Bhd to effect the change of address by the Entitlement Date.

The Documents are not intended to be (and will not be) issued, circulated, distributed in any countries or jurisdictions other than Malaysia. No action has been or will be taken to ensure that the Rights Issue with Warrants and the Documents comply with the law of any countries or jurisdictions other than the laws of Malaysia.

This announcement is dated 26 January 2024.


Announcement Info

Company Name DESTINI BERHAD
Stock Name DESTINI
Date Announced 26 Jan 2024
Category Entitlement(Notice of Book Closure)
Reference Number ENT-26012024-00006
Corporate Action ID MY240126RHDI0002


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