Consolidation

[MLAB] Share Consolidation on 02-Apr-2024

Announcement Date: 19-Mar-2024
Related Stock:
MLAB
MLABS SYSTEMS BHD
Share Registrar:
MLAB
MLABS SYSTEMS BHD
FY: 30-Jun-2024
Amount

1.0000 : 20.0000

  • Ex Date
    02-Apr-2024
  • Entitlement Date
    03-Apr-2024
Description
CONSOLIDATION OF EVERY 20 EXISTING ORDINARY SHARES IN MLABS SYSTEMS BERHAD ("MLABS" OR "COMPANY") ("MLABS SHARES") HELD AS AT 5.00 P.M. ON 3 APRIL 2024 ("ENTITLEMENT DATE") INTO 1 MLABS SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")

About MLABS SYSTEMS BHD
MLabs Systems Bhd is an investment holding company engaged in research and development in videoconferencing and mobile application solutions. Its segments include Research and development and assembling, engaged in research and development, assembling and trading of multimedia video conferencing system and mobile application solutions and Trading, operates in trading of kitchen equipment and related products.

How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.

On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
How to subscribe
Shareholders that fulfill the requirement above will need to fill in and submit the right subscription form to the share registrar:

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