TALIWRK-WB
Adjustment
| TALIWORKS CORPORATION BERHAD |
| EX-date | 16 Oct 2018 |
| Entitlement date | 18 Oct 2018 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Adjustment |
| Entitlement description | Adjustments to the exercise price and number of outstanding warrants B 2015/2018 in Taliworks Corporation Berhad ("Taliworks") ("Warrants") constituted by the deed poll dated 5 November 2015 ("Deed Poll") pursuant to the proposed bonus issue of up to 967,591,160 new ordinary shares in Taliworks ("TCB Shares") ("Bonus Shares") on the basis of 2 Bonus Shares for every 3 existing TCB Shares ("Proposed Bonus Issue") held as at 5.00 p.m. on 18 October 2018 ("Entitlement Date"), in accordance with the provisions of the Deed Poll. |
| Period of interest payment | to |
| Financial Year End | 31 Dec 2018 |
| 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 | SYMPHONY SHARE REGISTRARS SDN BHD Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301 Petaling Jaya Selangor Darul Ehsan Malaysia Tel:603 7849 0777 (Helpdesk) Fax:603 7841 8151/8152 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 18 Oct 2018 |
| 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 | 2 : 3 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Remarks : |
The exercise price and the number of outstanding Warrants will be adjusted in accordance with the provisions of the Deed Poll as a consequence of the Proposed Bonus Issue. The said adjustments will take effect on 19 October 2018, being the next market day immediately after the Entitlement Date.
The additional Warrants arising from the adjustment consequential to the Proposed Bonus Issue will be allotted and issued to the entitled Warrantholders of Taliworks ("Warrantholders") whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date.
The final number of additional Warrants to be issued and allotted will depend on the number of outstanding Warrants which have yet to be exercised as at the Entitlement Date.
The additional Warrants will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad simultaneously with the Bonus Shares on 19 October 2018, being the next market day immediately after the Entitlement Date.
The notice to Warrantholders setting out the details of the adjustments and the notice of allotment of the additional Warrants will be despatched in due course.
This announcement is dated 3 October 2018. |
Announcement Info
| Company Name | TALIWORKS CORPORATION BERHAD |
| Stock Name | TALIWRK-WB |
| Date Announced | 03 Oct 2018 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-02102018-00006 |