Adjustment

[XOX-PA] Adjustment on 29-Jul-2024

Announcement Date: 15-Jul-2024
Related Stock:
XOX-PA
XOX BHD - ICPS A 2020/2030
Share Registrar:
XOX-PA
XOX BHD - ICPS A 2020/2030
FY: 30-Sep-2024
Amount

1.0000 : 30.0000

  • Ex Date
    29-Jul-2024
  • Entitlement Date
    30-Jul-2024
Description
ADJUSTMENTS TO THE CONVERSION PRICE, CASH PAYMENT FOR CONVERSION AND NUMBER OF OUTSTANDING IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES OF XOX BHD ("XOX" OR THE "COMPANY") ("ICPS") PURSUANT TO THE CONSOLIDATION OF EVERY 30 EXISTING ORDINARY SHARES IN XOX ("XOX SHARES" OR "SHARES") INTO 1 XOX SHARE ("CONSOLIDATION SHARE") HELD AT 5.00 P.M. ON 30 JULY 2024 ("ENTITLEMENT DATE") ("SHARE CONSOLIDATION")

About XOX BHD - ICPS A 2020/2030
NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN XOX BHD ("XOX") ("ICPS") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,651,255,354 NEW ICPS AT AN ISSUE PRICE OF RM0.025 PER ICPS TOGETHER WITH UP TO 662,813,838 FREE DETACHABLE WARRANTS IN XOX ("WARRANTS B") ON THE BASIS OF 4 ICPS TOGETHER WITH 1 FREE WARRANT B FOR EVERY 2 EXISTING ORDINARY SHARES IN XOX HELD BY THE ENTITLED SHAREHOLDERS OF XOX AT 5.00 P.M. ON 12 FEBRUARY 2020 ("ENTITLED SHAREHOLDERS")

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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