Adjustment

[LBS-CE] Adjustment on 13-Dec-2024

Announcement Date: 02-Dec-2024
Related Stock:
LBS
LBS BINA GROUP BHD
Share Registrar:
LBS
LBS BINA GROUP BHD
Amount

0.0000 : 0.0000

  • Ex Date
    13-Dec-2024
  • Entitlement Date
    16-Dec-2024
Description
ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF LBS BINA GROUP BERHAD ("LBS") ("LBS-CE") IN RELATION TO THE SINGLE-TIER SPECIAL DIVIDEND OF 2.6 SEN PER ORDINARY SHARE ("SPECIAL DIVIDEND")

About LBS BINA GROUP BHD
LBS Bina Group Bhd is engaged in real estate business. The company operates through various business segments that are Property Development, which develops residential, industrial, and commercial properties; Construction, which design and build, civil engineering, and general construction activities; Management and Investment, which provides management services; Motor Racing Circuit, which includes motor racing circuit development and management; and Trading and Others, which trades in building material, insurance agent, and others. The Property Development segment generates maximum revenue for the company. It offers their services to the People?s Republic of China and Hong Kong region.

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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