ALAM
Share Consolidation
| ALAM MARITIM RESOURCES BERHAD |
| Entitlement subject | Share Consolidation |
| Entitlement description | CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN ALAM MARITIM RESOURCES BERHAD ("AMRB" OR THE "COMPANY") ("AMRB SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 2 JULY 2025 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") |
| Ex-Date | 01 Jul 2025 |
| Entitlement date | 02 Jul 2025 |
| Entitlement time | 5:00 PM |
| Financial Year End | 30 Jun 2025 |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 02 Jul 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 |
| Par Value (if applicable) | |
Entitlement Details
| Company Name | Ratio (New : Existing) |
Available/Listing Date | Fractional Entitlement |
| ALAM MARITIM RESOURCES BERHAD | 1.0000 : 10.0000 | 03 Jul 2025 | Round Down / Fraction Disregard |
| Registrar or Service Provider name, address, telephone no |
TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0327839299 |
| Remarks : |
The Share Consolidation involves the consolidation of every 10 existing Shares into 1 Consolidated Share as at 5.00 p.m. on 2 July 2025, being the entitlement date for the Share Consolidation.
The actual number of Consolidated Shares to be issued would depend on the total number of issued shares on the entitlement date for the Share Consolidation. Fractional entitlements arising from the Share Consolidation in respect of the Consolidated Shares, if any, shall be disregarded and/or dealt with by the Board in its absolute discretion in such manner as it may deem fit or expedient and in the best interest of the Company.
The Consolidated Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 3 July 2025, being the next market day following the entitlement date for the Share Consolidation.
The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders within 4 market days after the listing and quotation of the Consolidated Shares on the Main Market of Bursa Securities.
The Share Consolidation will result in a reduction in the number of Shares available in the market and the trading price of the Shares will be adjusted accordingly in proportion to the basis of the Share Consolidation. The shareholders of the Company are strongly advised to trade cautiously to prevent overselling of their position in respect of the Shares held.
This announcement is dated 17 June 2025. |
Announcement Info
| Company Name | ALAM MARITIM RESOURCES BERHAD |
| Stock Name | ALAM |
| Date Announced | 17 Jun 2025 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-17062025-00006 |
| Corporate Action ID | MY250617SPLR0001 |