Adjustment

PNE PCB BERHAD

Entitlement subject Adjustment
Entitlement description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2019/2024 OF PNE PCB BERHAD (''PNE'' OR THE ''COMPANY'') (''WARRANTS A'') IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 6 DECEMBER 2019 CONSTITUTING THE WARRANTS A (''DEED POLL A'') PURSUANT TO THE SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY 1 EXISTING ORDINARY SHARE IN PNE ("PNE SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 24 NOVEMBER 2020 (''BOOKS CLOSURE DATE'') INTO 2 PNE SHARES (''SPLIT SHARES'') (''SHARE SPLIT'') (''ADJUSTMENTS'')
EX-date 23 Nov 2020
Entitlement date 24 Nov 2020
Entitlement time 5:00 PM
Financial Year End 31 Mar 2021
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 24 Nov 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 : 1.0000
Rights Issue/Offer Price
Par Value (if applicable)
Registrar or Service Provider name, address, telephone no SHAREWORKS SDN BHD
No. 2-1, Jalan Sri Hartamas 8
Sri Hartamas

50480 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0362011120
Fax:0362013121


Remarks :
Consequential to the Share Split, the number and exercise price of outstanding Warrants A which are not exercised prior to the Books Closure Date will be adjusted in accordance with the provisions of the Deed Poll A.

Pursuant to the Adjustments, holders of Warrants A (''Warrant A Holders'') whose names appear in the Record of Depositors for the Warrants A as at 5.00 p.m. on the Books Closure Date will be entitled to receive additional Warrants A ("Additional Warrants A") on the basis of 1 Additional Warrant A for every 1 existing Warrant A held.

Fractional entitlements arising from the Adjustments, if any, shall be disregarded and/or dealt with by the Board of Directors of the Company ("Board") in such manner at its absolute discretion as it deems fit or expedient in the best interest of the Company. The exact number of Additional Warrants A to be issued will depend on the number of outstanding Warrants A as at 5.00 p.m. on the Books Closure Date.

Pursuant to the Adjustments, the exercise price of the Warrants A will be adjusted from RM0.38 to RM0.19.

The Additional Warrants A will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 25 November 2020, being the next market day following the Books Closure Date.

A notification to the Warrant A Holders setting out details of the Adjustments will be despatched to the Warrant A Holders in due course.

Warrant A Holders who wish to be entitled to the Share Split must exercise their Warrants A to subscribe for new Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Company's Share Registrar (at the address stated above) on or before 5.00 p.m. on 18 November 2020 such that their names will appear in the Record of Depositors for the Shares as at 5.00 p.m. on the Books Closure Date.

This announcement is dated 10 November 2020.


Announcement Info

Company Name PNE PCB BERHAD
Stock Name PNEPCB-WA
Date Announced 10 Nov 2020
Category Entitlement(Notice of Book Closure)
Reference Number ENT-10112020-00008