Adjustment

D.B.E. GURNEY RESOURCES BERHAD

Entitlement subject Adjustment
Entitlement description
Adjustments to the number and exercise price of outstanding five-year warrants 2017/2022 ("Warrants B") as specified in the deed poll dated 20 January 2017 ("Deed Poll"), as a consequence of the consolidation of every twenty-five (25) ordinary shares in Lagenda Properties Berhad (formerly known as D.B.E. Gurney Resources Berhad) ("LPB") ("LPB Shares") into one (1) ordinary share in LPB ("Consolidated Shares") at 5.00 p.m. on 6 August 2020 ("Book Closure Date") ("Share Consolidation")
EX-date 05 Aug 2020
Entitlement date 06 Aug 2020
Entitlement time 5:00 PM
Financial Year End 31 Dec 2020
Period of interest payment   to  
Share transfer book & register of members will be   to   closed from (both dates inclusive) for the purpose of determining the entitlement
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 06 Aug 2020
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units)
(If applicable)
Entitlement indicator Ratio
Ratio 1.0000 : 25.0000
Rights Issue/Offer Price
Par Value (if applicable)
Registrar or Service Provider name, address, telephone no INSURBAN CORPORATE SERVICES SDN BHD
149 Jalan Aminuddin Baki
Taman Tun Dr Ismail

60000 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0377295529
Fax:0377285948


Remarks :
Pursuant to the Share Consolidation, the number and exercise price of outstanding Warrants B which are not exercised prior to the Book Closure Date will be adjusted in accordance with the provisions of the Deed Poll. 

The Warrants B will be consolidated on the basis of every 25 Warrants B held by the entitled holders of Warrants B of the Company (whose names appear in the Record of Depositors at 5.00 p.m. on the Book Closure Date) into 1 Warrant B ("Consolidated Warrants B"). 

Fractional entitlements arising from the Adjustments, if any, shall be disregarded and dealt with by the Board of Directors of the Company in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company. The actual number of Consolidated Warrants B to be issued and allotted would depend on the number of outstanding Warrants B which have yet to be exercised into new LPB Shares as at the Book Closure Date. Pursuant to the Adjustments, the existing exercise price of Warrants B of RM0.05 each will be revised to RM1.25 each. The Consolidated Warrants B will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 7 August 2020, being the next market day following the Book Closure Date. 

The notice of allotment for the Consolidated Warrants B will be despatched to the entitled holders not later than four (4) market days after the date of listing and quotation of the Consolidated Warrants B on Bursa Securities. The notice to the holders of Warrants B (setting out the details of the Adjustments) will be despatched in due course.

This announcement is dated 22 July 2020.


Announcement Info

Company Name D.B.E. GURNEY RESOURCES BERHAD
Stock Name DBE-WB
Date Announced 22 Jul 2020
Category Entitlement(Notice of Book Closure)
Reference Number ENT-21072020-00010