RightIssue

[DESTINI] Rights Issue on 09-Feb-2024

Announcement Date: 26-Jan-2024
Related Stock:
DESTINI
DESTINI BERHAD
Share Registrar:
DESTINI
DESTINI BERHAD
Amount

2.0000 : 1.0000

  • Ex Date
    09-Feb-2024
  • Entitlement Date
    13-Feb-2024
Description
RENOUNCEABLE RIGHTS ISSUE OF UP TO 3,327,063,258 NEW ORDINARY SHARES IN DESTINI BERHAD ("DESTINI" OR THE "COMPANY") ("DESTINI SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT THE ISSUE PRICE OF RM0.04 PER RIGHTS SHARE, ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING DESTINI SHARE HELD, TOGETHER WITH UP TO 1,663,531,629 FREE DETACHABLE WARRANTS IN DESTINI ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR, AS AT 5.00 P.M. ON TUESDAY, 13 FEBRUARY 2024 ("RIGHTS ISSUE WITH WARRANTS")

About DESTINI BERHAD
Destini Bhd is a Malaysia-based company engaged in the investment holding and provision of management services. The company operates through three segments. The Maintenance, repair, overhaul and training segment is involved in the support, replacement, and overhaul of aviation, automobile and safety and tabular handling equipment as well as providing training for the use of safety equipment. Its Marine construction segment consists of the development of shipbuilding and restoration and preservation of vessels. The Recycling of waste segment comprises of extraction and recycling of waste tires for the production of carbon black, diesel fuel and scrap metal. It operates geographically across countries like Malaysia and Singapore.

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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