RightIssue

[ICONIC] Rights Issue on 22-Mar-2024

Announcement Date: 08-Mar-2024
Related Stock:
ICONIC
ICONIC WORLDWIDE BERHAD
Share Registrar:
ICONIC
ICONIC WORLDWIDE BERHAD
Amount

2.0000 : 1.0000

  • Ex Date
    22-Mar-2024
  • Entitlement Date
    25-Mar-2024
Description
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,124,706,544 NEW ORDINARY SHARES IN ICONIC WORLDWIDE BERHAD ("ICONIC") ("ICONIC SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON MONDAY, 25 MARCH 2024 AT THE ISSUE PRICE OF RM0.085 PER RIGHTS SHARE, TOGETHER WITH UP TO 749,804,362 FREE DETACHABLE WARRANTS IN ICONIC ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 3 RIGHTS SHARES SUBSCRIBED BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ("RIGHTS ISSUE WITH FREE WARRANTS")

About ICONIC WORLDWIDE BERHAD
Iconic Worldwide Berhad, formerly known as Sanbumi Holdings Berhad, is a Bursa Malaysia listed company that is primarily involved in tourism and property businesses. Iconic Worldwide is currently expanding to transform into a significant property player in the Northern Region of Malaysia while making strong inroads nationwide.

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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