Adjustment

[CLASSITA-WB] Adjustment on 30-May-2023

Announcement Date: 15-May-2023
Related Stock:
CLASSITA
CLASSITA HOLDINGS BERHAD
Share Registrar:
CLASSITA
CLASSITA HOLDINGS BERHAD
FY: 30-Jun-2023
Amount

1.1402 : 1.0000

  • Ex Date
    30-May-2023
  • Entitlement Date
    31-May-2023
Description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2021/2024 OF CLASSITA HOLDINGS BERHAD (FORMERLY KNOWN AS CAELY HOLDINGS BHD) ("CLASSITA" OR THE "COMPANY") ("WARRANTS B") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 20 DECEMBER 2021 CONSTITUTING THE WARRANTS B ("DEED POLL B") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 965,398,515 NEW ORDINARY SHARES IN CLASSITA ("CLASSITA SHARES" OR "SHARES") ("RIGHTS SHARES") ON THE BASIS OF 5 RIGHTS SHARES FOR EVERY 2 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF CLASSITA AS AT 5.00 P.M. ON 31 MAY 2023, TOGETHER WITH UP TO 579,239,109 FREE DETACHABLE WARRANTS ("WARRANTS C") ON THE BASIS OF 3 WARRANTS C FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR, AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE ("RIGHTS ISSUE") ("ADJUSTMENTS")

About CLASSITA HOLDINGS BERHAD
Caely Holdings Bhd is a Malaysia based investment holding company. The company manufactures undergarments, garment, leather goods, sportswear and household products. The business segments of the company are Manufacturing segment, Property development and construction segment and Direct selling and Retail segment. The company manufactures and sells the products mainly to Europe, Canada, United States of America and other Asian countries. Majority of the revenue is generated from the Manufacturing segment of 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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