EG-WD
Adjustment
| EG INDUSTRIES BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2023/2028 ("WARRANTS D") IN EG INDUSTRIES BERHAD ("EGIB" OR THE "COMPANY") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 12 DECEMBER 2023 ("DEED POLL") PURSUANT TO THE BONUS ISSUE UP TO 692,909,981 NEW ORDINARY SHARES IN EGIB ("BONUS SHARE(S)") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING ORDINARY SHARE IN EGIB ("EGIB SHARES" OR "SHARES") HELD BY THE ENTITLED SHAREHOLDERS AS AT 5.00 P.M. ON 25 APRIL 2025 ("ENTITLEMENT DATE") ("BONUS ISSUE ") ("ADJUSTMENTS") |
| EX-date | 24 Apr 2025 |
| Entitlement date | 25 Apr 2025 |
| Entitlement time | 5:00 PM |
| Financial Year End | 30 Jun 2025 |
| 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 | 25 Apr 2025 |
| 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 : 1.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
SECURITIES SERVICES (HOLDINGS) SDN BHD (PENANG) Suite 18.05, MWE Plaza No. 8 Lebuh Farquhar 10200 Pulau Pinang Malaysia Tel:042631966 Fax:042628544 |
| Remarks : |
Pursuant to the Bonus Issue, the exercise price and the number of Warrants D which are not exercised prior to the Entitlement Date will be adjusted in accordance with the provisions of the Deed Poll.
Up to 225,108,007 Warrants D will be allotted and issued pursuant to the Adjustments ("Additional Warrant(s) D"). The actual number of Additional Warrants D to be allotted and issued from the Adjustments would depend on the number of outstanding Warrants D as at the Entitlement Date.
Fractional entitlements arising from the Adjustments, if any, shall be disregarded and dealt with in such manner as the Board of Directors of the Company may in its absolute discretion deem fit, expedient and in the best interest of the Company.
Pursuant to the Adjustments, the existing exercise price of Warrants D of RM1.80 each will be revised to RM0.90 each.
The Additional Warrants D will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") simultaneously with the Bonus Shares on 28 April 2025, being the next market day following the Entitlement Date.
The notice of allotment for the Additional Warrants D will be issued and despatched to all the entitled holders not later than 4 market days after the date of the listing of and quotation for the Additional Warrants D on the Main Market of Bursa Securities. The notice to holders of the Warrants D setting out the details of the Adjustments to the Warrants D will be despatched in due course.
This announcement is dated 10 April 2025. |
Announcement Info
| Company Name | EG INDUSTRIES BERHAD |
| Stock Name | EG-WD |
| Date Announced | 10 Apr 2025 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-07042025-00006 |