Adjustment

[DESTINI-WB] Adjustment on 10-Jun-2024

Announcement Date: 24-May-2024
Related Stock:
DESTINI
DESTINI BERHAD
Share Registrar:
DESTINI
DESTINI BERHAD
FY: 30-Jun-2024
Amount

1.0000 : 10.0000

  • Ex Date
    10-Jun-2024
  • Entitlement Date
    11-Jun-2024
Description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2024/2029 OF DESTINI BERHAD ("DESTINI" OR THE "COMPANY") ("WARRANT(S) B") AS SPECIFIED IN THE DEED POLL DATED 26 JANUARY 2024 ("DEED POLL B"), PURSUANT TO THE SHARE CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN DESTINI ("DESTINI SHARE(S)") INTO 1 DESTINI SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION")

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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