Bonus Issue

ACOUSTECH BERHAD

Entitlement subject Bonus Issue
Entitlement description
BONUS ISSUE OF UP TO 97,211,700 WARRANTS ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ACOUSTECH SHARES HELD BY THE ENTITLED SHAREHOLDERS OF ACOUSTECH AT 5.00P.M. ON 7 AUGUST 2020 ("BONUS ISSUE OF WARRANTS")
Shareholder's Approval No
Ex-Date 06 Aug 2020
Entitlement date 07 Aug 2020
Entitlement time 5:00 PM
Financial Year End
Share transfer book & register of members will be  to  closed from (both dates inclusive) for the purpose of determining the entitlement
Securities Crediting Date
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 07 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)
97,211,700
Entitlement indicator Ratio
Par Value (if applicable)

Securities Entitlement
Company Name
ACOUSTECH BERHAD
Entitlement
Warrants
Ratio (New : Existing) 1.0000 : 2.0000
Available/Listing Date
Fractional Entitlement Round Down / Fraction Disregard

Registrar or Service Provider name, address, telephone no TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD
Unit 32-01, Level 32, Tower A,
Vertical Business Suite, Avenue 3, Bangsar South,

No. 8, Jalan Kerinchi

59200 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0327839299
Fax:0327839222


Remarks :
(Unless otherwise stated, the defined terms used in this announcement shall carry the same meaning as those defined in the circular to shareholders of Acoustech Berhad dated 11 June 2020.) 

Fractional entitlements of the Warrants arising from the Bonus Issue of Warrants, if any, will be disregarded and shall be dealt with in such manner as the Board shall in its absolute discretion deem fit and expedient, and in the best interest of the Company. 

The Warrants will be credited into the entitled shareholders central depository system accounts and notices of allotment will be issued and despatched to the address as per the Record of Depositors prior to the date of listing of the Warrants. Entitled Shareholders are not required to take any action. The admission and the listing of the Warrants on the Main Market of Bursa Securities will take place two (2) market days upon receipt of the application for quotation of Warrants by Bursa Securities. 

This announcement is dated 23 July 2020.


Announcement Info

Company Name ACOUSTECH BERHAD
Stock Name ACOSTEC
Date Announced 23 Jul 2020
Category Entitlement(Notice of Book Closure)
Reference Number ENT-23072020-00005
Corporate Action ID MY200723BONU0001