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PANSAR-WA

Adjustment

Amended Announcements
Please refer to the earlier announcement reference number: ENT-17042019-00006

PANSAR BERHAD

EX-date 06 May 2019
Entitlement date 07 May 2019
Entitlement time 05:00 PM
Entitlement subject Adjustment
Entitlement description ADJUSTMENT TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2018/2023 IN PANSAR BERHAD ("PANSAR" OR "COMPANY") CONSTITUTED BY THE DEED POLL DATED 21 MAY 2018 ("DEED POLL") ("OUTSTANDING WARRANTS") PURSUANT TO THE BONUS ISSUE OF UP TO 231,000,000 NEW ORDINARY SHARES IN PANSAR ("PANSAR SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 2 EXISTING PANSAR SHARES HELD BY SHAREHOLDERS OF PANSAR WHOSE NAMES APPEAR ON THE RECORD OF DEPOSITORS AS AT 5.00 P.M. ON 7 MAY 2019 ("ENTITLEMENT DATE") ("BONUS ISSUE OF SHARES")
Period of interest payment   to  
Financial Year End
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 METRA MANAGEMENT SDN BHD 35th Menara Multi-Purpose Capital Square No. 8 Jalan Munshi Abdullah 50100 Kuala Lumpur Tel:0326983232 Fax:0326980313
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 07 May 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 : 2
Rights Issue/Offer Price
Par Value (if applicable)


Remarks :
Warrant holders are advised to read this notice of book closure together with the Company's amended announcement dated 29 April 2019 in relation to the notice of book closure for the Bonus Issue of Shares.

Following the Bonus Issue of Shares, 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 2018/2023 arising from the Adjustments ("Additional Warrants") will be allotted and issued to the entitled holders of the 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 the Additional Warrants to be issued and allotted would depend on the number of Outstanding Warrants which have yet to be exercised into new Pansar 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 8 May 2019, being the next market day immediately after 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 Pansar Shares by lodging their duly completed exercise forms together with relevant subscription monies with Pansar's share registrar (at the address stated above) on or before 5.00 p.m. on 25 April 2019 such that their names will appear in the Record of Depositors for Pansar Shares at 5.00 p.m. on the Entitlement Date.   

This announcement is dated 29 April 2019.


Announcement Info

Company Name PANSAR BERHAD
Stock Name PANSAR-WA
Date Announced 29 Apr 2019
Category Entitlement(Notice of Book Closure)
Reference Number ENT-29042019-00042