CITAGLB-PA
Adjustment
| CITAGLOBAL BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENT TO THE CONVERSION PRICE AND NUMBER OF OUTSTANDING IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES OF CITAGLOBAL BERHAD (FORMERLY KNOWN AS WZ SATU BERHAD) ("CITAGLOBAL" OR "COMPANY") ("ICPS") PURSUANT TO THE CONSOLIDATION OF EVERY 5 ORDINARY SHARES IN CITAGLOBAL ("CITAGLOBAL SHARE(S)" OR "SHARE(S)") HELD AT 5.00 P.M. ON 3 MARCH 2023 INTO 1 CITAGLOBAL SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") |
| EX-date | 02 Mar 2023 |
| Entitlement date | 03 Mar 2023 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Dec 2023 |
| Period of interest payment | to |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 03 Mar 2023 |
| 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 | 1.0000 : 5.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
SECURITIES SERVICES (HOLDINGS) SDN BHD Level 7, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara Damansara Heights 50490 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0320849000 Fax:0320949940 |
| Remarks : |
Pursuant to the Share Consolidation, the conversion price, and the number of outstanding ICPS which are not converted into new Shares prior to the Entitlement Date will be adjusted in accordance with the provisions of the Companys Constitution (Adjustments). The outstanding ICPS will be adjusted on the basis of every 5 ICPS held by the entitled ICPS holders (whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date) (Entitled ICPS Holders) into 1 ICPS (Consolidated ICPS). Fractional entitlements arising from the Adjustments, if any, shall be disregarded and dealt with by the Board of Directors of the Company in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company. Pursuant to the Adjustments, the existing number of 15,482,375 outstanding ICPS will be adjusted into a maximum number of [3,096,475] Consolidated ICPS to be issued and allotted to the Entitled ICPS Holders. The actual number of Consolidated ICPS to be issued and allotted would depend on the number of outstanding ICPS which have yet to be converted into new Citaglobal Shares as at the Entitlement Date. Further, pursuant to the Adjustments, the conversion price of the ICPS will be adjusted from the existing conversion price of RM0.11 each to RM0.55 each. The Consolidated ICPS will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities) on 6 March 2023, being the next market day following the Entitlement Date. The notice of allotment for the Consolidated ICPS will be despatched to the Entitled ICPS Holders not later than 4 market days after the date of listing and quotation of the Consolidated ICPS on Bursa Securities. The notice to the Entitled ICPS Holders (setting out the details of the Adjustments) will be despatched to the Entitled ICPS Holders in due course. The Adjustments will result in a reduction in the number of ICPS available in the market and the trading price of the ICPS will be adjusted accordingly in proportion to the basis of the Adjustments. The Entitled ICPS Holders are strongly advised to trade cautiously to prevent overselling of their position in respect of the ICPS held. This announcement is dated 17 February 2023. |
Announcement Info
| Company Name | CITAGLOBAL BERHAD |
| Stock Name | CITAGLB-PA |
| Date Announced | 17 Feb 2023 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-17022023-00023 |