Entitlement(Notice of Book Closure)
19/01/2021Adjustment
| NI HSIN RESOURCES BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2019/2022 IN NI HSIN RESOURCES BERHAD ("NI HSIN" OR "COMPANY") ("WARRANTS") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 24 APRIL 2019 CONSTITUITING THE WARRANTS, PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 960,100,350 REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS") AT AN ISSUE PRICE OF RM0.01 PER RCPS ON THE BASIS OF 2 RCPS FOR EACH EXISTING ORDINARY SHARE IN NI HSIN HELD BY THE ENTITLED SHAREHOLDERS OF NI HSIN ON 5 FEBRUARY 2021 AT 5.00 P.M. ("RIGHT ISSUE OF RCPS") |
| EX-date | 04 Feb 2021 |
| Entitlement date | 05 Feb 2021 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Dec 2021 |
| 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 | 05 Feb 2021 |
| 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 | 0.2379 : 1.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
BINA MANAGEMENT (M) SDN BHD Lot 10, The Highway Centre Jalan 51/205 46050 Petaling Jaya Selangor Malaysia Tel:0377843922 Fax:0377841988 |
| Remarks : |
The Notice of Book Closure in relation to the Rights Issue of RCPS had been announced separately today.
Following the Rights Issue of RCPS, the exercise price and the number of outstanding Warrants 2019/2022 ("Warrants") shall be adjusted in accordance with the provisions of the deed poll dated 24 April 2019 governing the terms and conditions of the Warrants ("Adjustments").
The additional Warrants arising from the Adjustments will be allotted and issued to the Warrant holders whose names appear in the Record of Depositors of Ni Hsin at 5.00 pm on 5 February 2021 ("Entitlement Date"). The entitlement ratio indicated above is for illustration only (details of which are set out in the Circular to shareholders dated 13 October 2020) and the actual Adjustments shall be finalised on the Entitlement Date.
The actual number of the additional Warrants to be allotted and issued would depend on the number of outstanding Warrants as at the Entitlement Date. The Adjustments will take effect on the next market day following the Entitlement Date and a notice to Warrant holders on the Adjustments will be despatched to the Warrant holders in due course.
The additional Warrants will be listed and quoted simultaneously with the RCPS on the Main Market of Bursa Malaysia Securities Berhad on 8 March 2021.
This announcement is dated 19 January 2021. |
Announcement Info
| Company Name | NI HSIN RESOURCES BERHAD |
| Stock Name | NIHSIN-WB |
| Date Announced | 19 Jan 2021 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-19012021-00004 |