========== (i) proposed consolidation of every 5 existing ordinary shares in DPS (“DPS Share(s)”) into 1 DPS Share (“Proposed Share Consolidation”);
(ii) proposed renounceable rights issue of up to 89,958,524 new DPS Shares (“Rights Share(s)”) on the basis of 1 Rights Share for every 2 DPS Shares held on an entitlement date to be determined later (“Rights Shares Entitlement Date”), together with up to 71,966,819 free detachable warrants C (“Warrant(s) C”) on the basis of 4 Warrants C for every 5 Rights Shares subscribed for (“Proposed Rights Issue”);
(iii) proposed establishment of an employees share option scheme (“ESOS”) of up to 15% of the total number of DPS Shares in issue (excluding treasury shares, if any) for the eligible Directors and employees of DPS and its subsidiaries (“DPS Group”) (excluding dormant subsidiaries, if any) (“Proposed ESOS”);
whistlebower99 That means you are advising to buy dps and wb.. I am holding wb. Can u please advice ,should I buy or sell. No blame No claim. Only asking advise
look at announcement, consolidation into right issues. very high chance to fall but got chance to make money just need multiple bullets, price scared cuz of the announcement
(I) PROPOSED SHARE CONSOLIDATION; (II) PROPOSED RIGHTS ISSUE; (III) PROPOSED ESOS; (IV) PROPOSED EXEMPTION I; AND (V) PROPOSED EXEMPTION II.
=============== (i) proposed consolidation of every 5 existing ordinary shares in DPS (“DPS Share(s)”) into 1 DPS Share (“Proposed Share Consolidation”);
(ii) proposed renounceable rights issue of up to 89,958,524 new DPS Shares (“Rights Share(s)”) on the basis of 1 Rights Share for every 2 DPS Shares held on an entitlement date to be determined later (“Rights Shares Entitlement Date”), together with up to 71,966,819 free detachable warrants C (“Warrant(s) C”) on the basis of 4 Warrants C for every 5 Rights Shares subscribed for (“Proposed Rights Issue”);
(iii) proposed establishment of an employees share option scheme (“ESOS”) of up to 15% of the total number of DPS Shares in issue (excluding treasury shares, if any) for the eligible Directors and employees of DPS and its subsidiaries (“DPS Group”) (excluding dormant subsidiaries, if any) (“Proposed ESOS”);
(I) PROPOSED SHARE CONSOLIDATION; (II) PROPOSED RIGHTS ISSUE; (III) PROPOSED ESOS; (IV) PROPOSED EXEMPTION I; AND (V) PROPOSED EXEMPTION II.
=============== (i) proposed consolidation of every 5 existing ordinary shares in DPS (“DPS Share(s)”) into 1 DPS Share (“Proposed Share Consolidation”);
(ii) proposed renounceable rights issue of up to 89,958,524 new DPS Shares (“Rights Share(s)”) on the basis of 1 Rights Share for every 2 DPS Shares held on an entitlement date to be determined later (“Rights Shares Entitlement Date”), together with up to 71,966,819 free detachable warrants C (“Warrant(s) C”) on the basis of 4 Warrants C for every 5 Rights Shares subscribed for (“Proposed Rights Issue”);
(iii) proposed establishment of an employees share option scheme (“ESOS”) of up to 15% of the total number of DPS Shares in issue (excluding treasury shares, if any) for the eligible Directors and employees of DPS and its subsidiaries (“DPS Group”) (excluding dormant subsidiaries, if any) (“Proposed ESOS”);
On behalf of the Board, TA Securities wishes to announce that the applications in relation to the Proposed Share Consolidation, Proposed Rights Issue and Proposed ESOS had been submitted to Bursa Securities on 31 January 2023.
(I) PROPOSED SHARE CONSOLIDATION; (II) PROPOSED RIGHTS ISSUE; (III) PROPOSED ESOS; (IV) PROPOSED EXEMPTION I; AND (V) PROPOSED EXEMPTION II.
On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 23 February 2023, resolved to approve the following: (i) Proposed Share Consolidation;
(ii) Admission to the Official List of Bursa Securities and the listing and quotation of up to 71,966,819 Warrants C to be issued pursuant to the Proposed Rights Issue;
(iii) Listing and quotation of:
a) up to 89,958,524 new Rights Shares to be issued pursuant to the Proposed Rights Issue; b) up to 71,966,819 new DPS Shares to be issued pursuant to the exercise of Warrants C; c) up to 3,225,533 additional warrants 2015/2025 of DPS (“Warrants B”) to be issued resulting from the adjustments to the exercise price and number of outstanding Warrants B pursuant to the Proposed Share Consolidation and the Proposed Rights Issue (“Additional Warrants B”); d) up to 3,225,533 new DPS Shares to be issued arising from the exercise of Additional Warrants B; and e) such number of new DPS Shares, representing up to 15% of the total number of issued shares of DPS (excluding treasury shares), to be issued pursuant to the exercise of options under the Proposed ESOS.
(I) PROPOSED SHARE CONSOLIDATION; (II) PROPOSED RIGHTS ISSUE; (III) PROPOSED ESOS; (IV) PROPOSED EXEMPTION I; AND (V) PROPOSED EXEMPTION II.
On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 15 March 2023, resolved to grant the Company an extension of time until 28 April 2023 to comply with Paragraph 9.33(1)(b) of the Listing Requirements for the issuance of the circular to its shareholders in relation to the Proposals.
This announcement is dated 16 March 2023.
================ Look out for more announcement Implementation date not far away
What I understand is total share 705000 ( consolidation 5 to 1 = 141000 ) after consolidation 2 get 1 right issue = 70500 so if right issue price at 43sen , funding will get 30 million back to Dps, so the price non need to fly high, if Dps price now at 10 sen, after consolidation price will be 50 sen but right issue price only 43sen, still worth it to subscribe, JJ , please correct me if I am wrong, tqvm
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Yipman
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Posted by Yipman > 2022-11-02 15:46 | Report Abuse
SinGor, do you mean tomorrow will further price drops?