Entitlement(Notice of Book Closure)
26/01/2017Adjustment
| HUBLINE BERHAD |
| EX-date | 13 Feb 2017 |
| Entitlement date | 15 Feb 2017 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Adjustment |
| Entitlement description | Adjustment to the number and exercise price of outstanding warrants 2015/2020 ("Warrants B") as a consequence of the consolidation of every twenty (20) ordinary shares of RM0.005 each in Hubline Berhad ("Hubline") into one (1) ordinary share of RM0.10 each ("Hubline Shares") at 5.00pm on 15 February 2017 ("Share Consolidation") |
| Period of interest payment | to |
| Financial Year End | 30 Sep 2017 |
| 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 | SECURITIES SERVICES (HOLDINGS) SDN BHD Level 7, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara Damansara Heights 50490Kuala Lumpur Tel:0320849000 Fax:0320949940 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 15 Feb 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 | 20 : 1 |
| Rights Issue/Offer Price | |
| Par Value | Malaysian Ringgit (MYR) 0.005 |
| Remarks : |
Pursuant to the Share Consolidation, the number and exercise price of outstanding Warrants B which is not exercised prior to 15 February 2017 will be adjusted in accordance with the provisions of the Warrants B Deed Poll.
The Warrants B will be consolidated on the basis of every twenty (20) Warrants B held by the entitled warrant holders of Warrants B of the Company (whose names appear in the Record of Depositors at 5.00pm on 15 February 2017) into one (1) Warrant B ("Consolidated Warrants B").
The fractional entitlements of the Consolidated Warrants B arising from the Adjustments, if any, will be disregarded and/or shall be dealt with by the Board of Directors of the Company ("Board") in such manner as the Board in its absolute discretion deems fit and expedient or in the best interest of the Company. The actual number of Consolidated Warrants B to be issued and allotted would depend on the number of outstanding Warrants B which has yet to be exercised into new Hubline Shares as at 15 February 2017.
Pursuant to the Adjustments, the existing exercise price of Warrants B of RM0.01 each will be revised to RM0.20 each. The Consolidated Warrants B will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 16 February 2017, being the next market day following the entitlement date.
The notice of allotment for the Consolidated Warrants B will be despatched to the entitled holders within four (4) market days after the listing and quotation of the Consolidated Warrants B. The notice to the holders of Warrants B (setting out the details of the Adjustments) will be despatched in due course.
This announcement is dated 26 January 2017. |
Announcement Info
| Company Name | HUBLINE BERHAD |
| Stock Name | HUBLINE-WB |
| Date Announced | 26 Jan 2017 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-26012017-00003 |