ADJUSTMENTS TO THE CONVERSION PRICE AND CONVERSION RATIO OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN YONG TAI BERHAD ("YTB" OR "COMPANY") ("ICPS") PURSUANT TO THE CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN YTB ("YTB SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 1 AUGUST 2022 ("ENTITLEMENT DATE") INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
About YONG TAI BERHAD - ICPS 2016/2026
Yong Tai Berhad ("YTB" or "Company") (I) Special issue of 200,000,000 new irredeemable convertible preference shares of RM0.80 each in YTB ("ICPS") at an issue price of RM0.80 each to Impression Culture Asia Limited ("Special Issue of ICPS"); and (II) Bonus issue of 16,034,494 new ICPS on the basis of one (1) new ICPS for every ten (10) ordinary shares of RM0.50 each in YTB ("YTB Shares") held by the shareholders of the Company on 24 November 2016 ("Bonus Issue of ICPS")
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:
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....