Adjustment to the number and exercise price of outstanding warrants 2015/2020("Warrants B") as a consequence of the consolidation of every twenty (20)ordinary shares of RM0.005 each in Hubline Berhad ("Hubline") into one (1)ordinary share of RM0.10 each ("Hubline Shares") at 5.00pm on 15 February 2017("Share Consolidation"). Kindly be advised of the following : 1) The aboveCompany's securities will be traded and quoted "Ex - Adjustment? as from: 13Feb 2017 2) The last date of lodgment : 15 Feb 2017 Remarks 1: Pursuant tothe Share Consolidation, the number and exercise price of outstanding WarrantsB which is not exercised prior to 15 February 2017 will be adjusted inaccordance with the provisions of the Warrants B Deed Poll. The Warrants B willbe consolidated on the basis of every twenty (20) Warrants B held by theentitled warrant holders of Warrants B of the Company (whose names appear inthe Record of Depositors at 5.00pm on 15 February 2017) into one (1) Warrant B("Consolidated Warrants B"). The fractional entitlements of the ConsolidatedWarrants B arising from the Adjustments, if any, will be disregarded and/orshall be dealt with by the Board of Directors of the Company ("Board") in suchmanner as the Board in its absolute discretion deems fit and expedient or inthe best interest of the Company. The actual number of Consolidated Warrants Bto be issued and allotted would depend on the number of outstanding Warrants Bwhich has yet to be exercised into new Hubline Shares as at 15 February 2017.Pursuant to the Adjustments, the existing exercise price of Warrants B ofRM0.01 each will be revised to RM0.20 each. The Consolidated Warrants B will belisted and quoted on the Main Market of Bursa Malaysia Securities Berhad on 16February 2017, being the next market day following the entitlement date. Thenotice of allotment for the Consolidated Warrants B will be despatched to theentitled holders within four (4) market days after the listing and quotation ofthe Consolidated Warrants B. The notice to the holders of Warrants B (settingout the details of the Adjustments) will be despatched in due course. Remarks2: Participating Organisations are to take note of the following adjustment onHUBLINE BERHAD-WARRANTS B The entitlement comprises the following:- ADJUSTMENTTO THE NUMBER AND EXERCISE PRICE OF OUTSTANDING WARRANTS 2015/2020 ("WARRANTSB") AS A CONSEQUENCE OF THE CONSOLIDATION OF EVERY TWENTY (20) ORDINARY SHARESOF RM0.005 EACH IN HUBLINE BERHAD ("HUBLINE") INTO ONE (1) ORDINARY SHARE OFRM0.10 EACH ("HUBLINE SHARES") AT 5.00PM ON 15 FEBRUARY 2017 ("SHARECONSOLIDATION"). In relation to the warrants adjustment on HUBLINE-WB as aSPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like tohighlight that: a) on or after the Ex-date on 13 February 2017, trading ofHUBLINE-WB will be based on the newly adjusted warrants arising from theWarrants Adjustment, b) on the basis of settlement taking place after 15February 2017 with adjusted HUBLINE-WB, any entitled warrants holder who ownsHUBLINE-WB as at Ex-date may sell only up to the maximum HUBLINE-WB he expectsto receive after the adjustment, i.e. the reduced amount, on or after theEx-date 13 February 2017. With the warrants adjustment pursuant to the ShareConsolidation effected on HUBLINE-WB holders? CDS account at the end of theEntitlement Date (?Books Closure Date?), an entitled HUBLINE-WB holder may usethe following basis to estimate the maximum number of HUBLINE-WB that he maysell from the Ex-date until the Book Closing Date which is from 13 February2017 until 15 February 2017. Number of HUBLINE-WB that may be sold on =Number of warrants held x 0.05 13 February 2017 until 15 February 2017(All fractional warrants computed should be disregarded) Illustration: Forexample, if Mr X owns or purchases 1000 HUBLINE-WB on cum basis on 10 February2017, his CDS account would still show 1000 HUBLINE-WB until 15 February 2017.However, as a result of the above warrants adjustment, Mr X?s 1000 HUBLINE-WBin his CDS account will be adjusted to 50 HUBLINE-WB on the night of 15February 2017 which is the Book Closing Date. Therefore Mr X may, if he sowishes, sells only up to 50 HUBLINE-WB on or after the Ex-date i.e. from 13February 2017 onwards. Participating Organisations are hereby requested tocaution all dealers and remisiers that, during the period from 13 February 2017until 15 February 2017, they are only entitled to sell the maximum of 5% of theshares owned before the Ex-date. Participants Organisations are reminded thatit is important to caution all dealers and remisiers on the above to preventthe dealers and remisiers from overselling of their client?s position.MANAGER, SEC. MARKET
ILC-07022017-00002Adjustment to the number and exercise price of outstanding warrants 2009/2019("Warrants A") as a consequence of the consolidation of every twenty (20)ordinary shares of RM0.005 each in Hubline Berhad ("Hubline") into one (1)ordinary share of RM0.10 each ("Hubline Shares") at 5.00pm on 15 February 2017("Share Consolidation"). Kindly be advised of the following : 1) The aboveCompany's securities will be traded and quoted "Ex - Adjustment? as from: 13Feb 2017 2) The last date of lodgment : 15 Feb 2017 Remarks 1: Pursuant tothe Share Consolidation, the number and exercise price of outstanding WarrantsA which are not exercised prior to 15 February 2017 will be adjusted inaccordance with the provisions of the Warrants A Deed Poll. The Warrants A willbe consolidated on the basis of every twenty (20) Warrants A held by theentitled warrant holders of Warrants A of the Company (whose names appear inthe Record of Depositors at 5.00pm on 15 February 2017) into one (1) Warrant A("Consolidated Warrants A"). The fractional entitlements of the ConsolidatedWarrants A arising from the Adjustments, if any, will be disregarded and/orshall be dealt with by the Board of Directors of the Company ("Board") in suchmanner as the Board in its absolute discretion deems fit and expedient or inthe best interest of the Company. The actual number of Consolidated Warrants Ato be issued and allotted would depend on the number of outstanding Warrants Awhich have yet to be exercised into new Hubline Shares as at 15 February 2017.Pursuant to the Adjustments, the existing exercise price of Warrants A ofRM0.16 each will be revised to RM3.20 each. The Consolidated Warrants A will belisted and quoted on the Main Market of Bursa Malaysia Securities Berhad on 16February 2017, being the next market day following the entitlement date. Thenotice of allotment for the Consolidated Warrants A will be despatched to theentitled holders within four (4) market days after the listing and quotation ofthe Consolidated Warrants A. The notice to the holders of Warrants A (settingout the details of the Adjustments) will be despatched in due course. Remarks2: Participating Organisations are to take note of the following adjustment onHUBLINE BERHAD-WARRANTS A The entitlement comprises the following:- ADJUSTMENTTO THE NUMBER AND EXERCISE PRICE OF OUTSTANDING WARRANTS 2009/2019 ("WARRANTSA") AS A CONSEQUENCE OF THE CONSOLIDATION OF EVERY TWENTY (20) ORDINARY SHARESOF RM0.005 EACH IN HUBLINE BERHAD ("HUBLINE") INTO ONE (1) ORDINARY SHARE OFRM0.10 EACH ("HUBLINE SHARES") AT 5.00PM ON 15 FEBRUARY 2017 ("SHARECONSOLIDATION"). In relation to the warrants adjustment on HUBLINE-WA as aSPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like tohighlight that: a) on or after the Ex-date on 13 February 2017, trading ofHUBLINE-WA will be based on the newly adjusted warrants arising from theWarrants Adjustment, b) on the basis of settlement taking place after 15February 2017 with adjusted HUBLINE-WA, any entitled warrants holder who ownsHUBLINE-WA as at Ex-date may sell only up to the maximum HUBLINE-WA he expectsto receive after the adjustment, i.e. the reduced amount, on or after theEx-date 13 February 2017. With the warrants adjustment pursuant to the ShareConsolidation effected on HUBLINE-WA holders? CDS account at the end of theEntitlement Date (?Books Closure Date?), an entitled HUBLINE-WA holder may usethe following basis to estimate the maximum number of HUBLINE-WA that he maysell from the Ex-date until the Book Closing Date which is from 13 February2017 until 15 February 2017. Number of HUBLINE-WA that may be sold on =Number of warrants held x 0.05 13 February 2017 until 15 February 2017(All fractional warrants computed should be disregarded) Illustration: Forexample, if Mr X owns or purchases 1000 HUBLINE-WA on cum basis on 10 February2017, his CDS account would still show 1000 HUBLINE-WA until 15 February 2017.However, as a result of the above warrants adjustment, Mr X?s 1000 HUBLINE-WAin his CDS account will be adjusted to 50 HUBLINE-WA on the night of 15February 2017 which is the Book Closing Date. Therefore Mr X may, if he sowishes, sells only up to 50 HUBLINE-WA on or after the Ex-date i.e. from 13February 2017 onwards. Participating Organisations are hereby requested tocaution all dealers and remisiers that, during the period from 13 February 2017until 15 February 2017, they are only entitled to sell the maximum of 5% of theshares owned before the Ex-date. Participants Organisations are reminded thatit is important to caution all dealers and remisiers on the above to preventthe dealers and remisiers from overselling of their client?s
Posted by Calvin Yoo > Feb 11, 2017 06:17 PM | Report Abuse
All our comments are 'useless', on Monday, even it "should" be valued as RM0.20 (as closed RM0.01 on Friday), but the demand & supply define this. If at that day, still got people 'insists' thinking to sell RM0.19 ...0.18 ... so on, the value still come down. The most important is Management, if their business got good news, no matter share consolidation or split, it is still can up. Congratz to those bought RM0.005 , Monday onward, can easily sell more than RM0.10 can get profit.
Itself is strong but mismanage. Similiar case to Iris. HUBLine has been since 1993, a major regional shipping line containerized shipping services, dry bulk, shipping agency and chartering of vessels with fleet of 40 vessels in Malaysia, Singapore, Brunei, Hong Kong, China, Vietnam, Yangon, Indonesia, India, Papua New Guinea, Thailand, Cambodia, Japan and Korea and network of around 70 agents.
hubline used to be famous in Sarawak due to acquisition of highline shipping from Sarawak, a quite famous local shipping company but by sep 2015, it had withdrawn container shipping op in Sarawak and has dipped in fame since.
i can see many of you are getting confused with the adjusted outstanding shares and revised exercise price of its warrants.. make sure you check the announcement before you buy in .. bear in mind.. today is still within the EX period..
it is quite dangerous if you think its exercise price is still 0.01 for warrant B and 0.16 for warrant A.. after the revision which is today 13/2/2017... its exercise price for warrant B is at 0.20.. while 3.20 for warrant A.. the system displayed outstanding shares of warrant A and B as well as the mother are FULLY ADJUSTED.. be careful..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
goodluck999
1,210 posts
Posted by goodluck999 > 2017-02-13 10:34 | Report Abuse
dont be tricked by system.. be careful guys.