[KGROUP-WA] Adjustment on 15-Mar-2017
| Financial Year || 31-Mar-2017 |
| Subject || Adjustment |
| Type || Adjustment |
| Amount || 50.3324 : 1000 |
| Ex Date || 27-Mar-2017 |
| Entitlement Date || 29-Mar-2017 |
| Payment Date || |
| Registrar ||
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
| Description || ADJUSTMENT TO THE NUMBER OF OUTSTANDING WARRANTS 2013/2018 ("WARRANTS A") AS SPECIFIED IN THE DEED POLL DATED 27 MAY 2013 ("DEED POLL A") AS A CONSEQUENCE OF THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,251,171,308 NEW ORDINARY SHARES IN KEY ALLIANCE GROUP BERHAD ("KAG") ("KAG SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.05 PER RIGHTS SHARE TOGETHER WITH UP TO 625,585,654 FREE WARRANTS IN KAG ("WARRANTS B") ON THE BASIS OF TWO (2) RIGHTS SHARES TOGETHER WITH ONE (1) FREE WARRANT B FOR EVERY TWO (2) EXISTING KAG SHARES HELD BY THE ENTITLED SHAREHOLDERS OF KAG AT 5.00 P.M. ON 29 MARCH 2017 ("ENTITLED SHAREHOLDERS") ("RIGHTS ISSUE WITH WARRANTS") ("ADJUSTMENT") |
| Remark || The Notice of Book Closure in relation to the Rights Issue with Warrants had been announced by the Company separately today.
Holders of outstanding Warrants A ("Warrant A Holders") who wish to be entitled to the Rights Shares with Warrants B should exercise their rights to subscribe for new KAG Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar, Tricor Investor & Issuing House Services Sdn Bhd, on or before 5.00 p.m. on 17 March 2017. This is to enable the new KAG Shares arising from such exercise to be allotted to the respective Warrant A Holders such that their names will appear on the Record of Depositors of KAG by 5.00 p.m. on 29 March 2017.
The Warrant A Holders who have not exercised their outstanding Warrants A by 5.00 p.m. on 17 March 2017 and whose names appear in the Record of Depositors for the outstanding Warrants A as at 5.00 p.m. on 29 March 2017 would be entitled to the Adjustment.
The notice of allotment for the additional Warrants A arising from the Adjustment will be despatched to the Warrant A Holders by 2 May 2017. The notice to Warrant A Holders (setting out details of the Adjustment) will be despatched in due course.
This announcement is dated 15 March 2017. |
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