RightIssue

[EDUSPEC] Rights Issue on 06-Apr-2023

Announcement Date: 24-Mar-2023
Related Stock:
EDUSPEC
EDUSPEC HOLDINGS BERHAD
Share Registrar:
EDUSPEC
EDUSPEC HOLDINGS BERHAD
Amount

6.0000 : 1.0000

  • Ex Date
    06-Apr-2023
  • Entitlement Date
    07-Apr-2023
Description
RENOUNCEABLE RIGHTS ISSUE OF UP TO 996,517,704 NEW ORDINARY SHARES IN EDUSPEC HOLDINGS BERHAD ("EDUSPEC" OR THE "COMPANY") ("EDUSPEC SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.03 PER RIGHTS SHARE TOGETHER WITH UP TO 498,258,852 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS C") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 7 APRIL 2023 ("RIGHTS ISSUE WITH WARRANTS")

About EDUSPEC HOLDINGS BERHAD
Eduspec Holdings Bhd provides consultancy, building teaching capacity, and deploying information technology systems in schools. It also offers online and learning education programs. The company operates its business through geographic segments that are Malaysia, Singapore, Indonesia, and Hong Kong. The Malaysia region generates maximum revenue for the company.

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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