Adjustment

[ANNJOO-C3] Adjustment on 09-Oct-2024

Announcement Date: 27-Sep-2024
Related Stock:
ANNJOO
ANN JOO RESOURCES BHD
Share Registrar:
ANNJOO
ANN JOO RESOURCES BHD
Amount

0.0000 : 0.0000

  • Ex Date
    09-Oct-2024
  • Entitlement Date
    10-Oct-2024
Description
ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF ANN JOO RESOURCES BERHAD ("ANNJOO") ("ANNJOO SHARES") ("ANNJOO-C3") PURSUANT TO A RENOUNCEABLE RIGHTS ISSUE OF UP TO 157,663,249 NEW ORDINARY SHARES IN ANNJOO ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 4 EXISTING ORDINARY SHARES HELD AS AT 5.00PM ON 10 OCTOBER 2024 AT AN ISSUE PRICE OF RM0.80 PER RIGHTS SHARE ("RIGHTS ISSUE")

About ANN JOO RESOURCES BHD
Ann Joo Resources Bhd is primarily engaged in the manufacturing and trading of steel and steel related products. Business activity of the group is divided into two segments namely Manufacturing and Trading segment. Manufacturing segment consist of manufacturing of iron, steel and steel related products such as billets; mild steel round, angle, round, square, flat, wire rods; and black shafts; and Trading segment is involved in trading of steel products such as carbon steel, stainless steel, hardware products, building and construction materials and it also looks into the operations of steel service centers. Further, the group is also involved in investment holding and property management activity. Geographically, it operates in the region of 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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