MPIRE-WB
Adjustment
| MPIRE GLOBAL BERHAD |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2021/2024 IN MPIRE GLOBAL BERHAD ("MPIRE" OR "COMPANY") AS CONSTITUTED BY THE DEED POLL DATED 22 NOVEMBER 2021 ("DEED POLL B") ("WARRANTS B") PURSUANT TO THE CONSOLIDATION OF EVERY 2 EXISTING ORDINARY SHARES IN MPIRE ("SHARE(S)") HELD AS AT 5.00 P.M. ON 11 NOVEMBER 2024 ("ENTITLEMENT DATE") INTO 1 SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION") |
| EX-date | 08 Nov 2024 |
| Entitlement date | 11 Nov 2024 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Dec 2024 |
| 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 | 11 Nov 2024 |
| 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 : 2.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | Malaysian Ringgit (MYR) 0.0000 |
| Registrar or Service Provider name, address, telephone no |
ALDPRO CORPORATE SERVICES SDN BHD B-21-1, Level 21, Tower B Northpoint Mid Valley City No. 1, Medan Syed Putra Utara 59200 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0397702200 Fax:0322017774 |
| Remarks : |
Pursuant to the Share Consolidation, the exercise price and number of outstanding Warrants B (which are not exercised into new Shares prior to the Entitlement Date) shall be adjusted in accordance with the provisions of the Deed Poll B ("Adjustments").
The outstanding Warrants B will be consolidated on the basis of every 2 Warrants B held by the holders of Warrants B whose names appear in the Record of Depositors of the Company for Warrants B on the Entitlement Date ("Entitled Warrant B Holders") into 1 Warrant B ("Consolidated Warrant(s) B"). Fractional entitlements for the Consolidated Warrants B arising from the Adjustments, if any, will be disregarded and dealt with by the Board of Directors of the Company in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company.
Pursuant to the Adjustments, the existing number of 97,914,499 outstanding Warrants B will be adjusted into up to 48,957,249 Consolidated Warrants B. The actual number of Consolidated Warrants B to be issued and allotted would depend on the number of outstanding Warrants B which are not exercised into new Shares on the Entitlement Date.
Further, pursuant to the Adjustments, the exercise price of the Warrants B of RM0.475 each will be revised to RM0.950 each.
The Consolidated Warrants B will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 12 November 2024 ("Listing Date"), being the next market day following the Entitlement Date.
The notice of allotment of the Consolidated Warrants B will be issued and despatched to the Entitled Warrants B Holders at the addresses set out in the Record of Depositors of the Company for Warrants B as at the Entitlement Date within 4 market days after the Listing Date. The notice setting out the details of the Adjustments will be issued and despatched to the Entitled Warrants B Holders in due course.
The Share Consolidation will result in a reduction in the number of Warrants B available in the market and the trading price of the Warrants B will be adjusted accordingly in proportion to the basis of the Share Consolidation.
The Entitled Warrants B Holders who wish to be entitled to the Share Consolidation as the Company's shareholders shall exercise their rights to subscribe for new Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar of the Company (at the address stated above) on or before 5.00 p.m. on Monday, 28 October 2024 such that their names will appear in the Record of Depositors of the Company for Shares at 5.00 p.m. on the Entitlement Date.
This announcement is dated 23 October 2024. |
Announcement Info
| Company Name | MPIRE GLOBAL BERHAD |
| Stock Name | MPIRE-WB |
| Date Announced | 23 Oct 2024 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-21102024-00001 |