BRIGHT-WB
Adjustment
| BRIGHT PACKAGING INDUSTRY BERHAD |
| EX-date | 13 Sep 2017 |
| Entitlement date | 15 Sep 2017 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF THE OUTSTANDING WARRANTS 2014/2019 IN BRIGHT PACKAGING INDUSTRY BERHAD ("BRIGHT") CONSTITUTED BY THE DEED POLL DATED 5 DECEMBER 2013 ("DEED POLL") ("OUTSTANDING WARRANTS") PURSUANT TO THE BONUS ISSUE OF UP TO 55,494,400 NEW ORDINARY SHARES IN BRIGHT ("BRIGHT SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 4 EXISTING BRIGHT SHARES HELD AS AT 5.00 P.M. ON 15 SEPTEMBER 2017 ("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 | SYMPHONY SHARE REGISTRARS SDN BHD Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301Petaling Jaya Tel:0378490777 Fax:0378418151 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 15 Sep 2017 |
| 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 : 4 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Remarks : |
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 2014/2019 arising from the Adjustments ("Adjustment Warrants") will be allotted and issued to the entitled holders of 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 Adjustment Warrants to be issued and allotted would depend on the number of Outstanding Warrants which have yet to be exercised into new Bright Shares as at the Entitlement Date.
The Adjustment Warrants will be listed and quoted simultaneously with the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad on 18 September 2017, being the next market day following 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 Adjustment 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 Bright Shares by lodging their duly completed exercise forms together with the relevant subscription monies with Bright's Share Registrar (at the address stated above) on or before 5.00 p.m. on 4 September 2017 such that their names will appear in the Record of Depositors for Bright Shares at 5.00 p.m. on the Entitlement Date.
This announcement is dated 30 August 2017. |
Announcement Info
| Company Name | BRIGHT PACKAGING INDUSTRY BERHAD |
| Stock Name | BRIGHT-WB |
| Date Announced | 30 Aug 2017 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-30082017-00006 |