Additional Listing Announcement /Subdivision of Shares
28/10/2021Additional Listing Announcement /Subdivision of Shares
| HEXTAR INDUSTRIES BERHAD |
1. Details of Corporate Proposal |
|
| Involve issuance of new type/class of securities ? | No |
| Types of corporate proposal | Rights Issue |
| Details of corporate proposal | ADJUSTMENTS TO THE EXERCISE PRICE AND THE NUMBER OF OUTSTANDING WARRANTS 2016/2021 ("WARRANTS") IN ACCORDANCE WITH THE DEED POLL DATED 14 NOVEMBER 2016 PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,268,911,225 NEW ORDINARY SHARES IN HEXTAR INDUSTRIES BERHAD ("HEXTAR INDUSTRIES SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 5 RIGHTS SHARES FOR EVERY 1 EXISTING HEXTAR INDUSTRIES SHARE HELD AS AT THE 5.00 P.M. ON 29 SEPTEMBER 2021 AT AN ISSUE PRICE OF RM0.12 PER RIGHTS SHARE ("RIGHTS ISSUE") ("ADJUSTMENTS") |
| No. of shares issued under this corporate proposal | 61,138,799 |
| Issue price per share ($$) | Malaysian Ringgit (MYR) 0.0000 |
| Par Value($$) (if applicable) | Malaysian Ringgit (MYR) 0.000 |
Latest issued share capital after the above corporate proposal in the following |
|
| Units | 128,948,208 |
| Issued Share Capital ($$) | Malaysian Ringgit (MYR) 0.000 |
| Listing Date | 29 Oct 2021 |
| Remarks : |
Pursuant to the Rights Issue, the exercise price of the Warrants has been revised from RM0.30 to RM0.16 and an additional 61,138,799 Warrants have been allotted and issued to the entitled Warrant holders whose names appear on the Record of Depositors of Hextar Industries Berhad at 5.00 p.m. on 29 September 2021. The additional Warrants will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 29 October 2021 simultaneously with the Rights Shares. |
Announcement Info
| Company Name | HEXTAR INDUSTRIES BERHAD |
| Stock Name | HEXIND-WA |
| Date Announced | 28 Oct 2021 |
| Category | Additional Listing Announcement /Subdivision of Shares |
| Reference Number | ALA-21102021-00021 |