Share Consolidation

DGB ASIA BERHAD

Entitlement subject Share Consolidation
Entitlement description
CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN DGB ASIA BERHAD ("DGB" OR THE "COMPANY") ("DGB SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 24 NOVEMBER 2020 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
Ex-Date 23 Nov 2020
Entitlement date 24 Nov 2020
Entitlement time 5:00 PM
Financial Year End 31 Dec 2020
Share transfer book & register of members will be  to  closed from (both dates inclusive) for the purpose of determining the entitlement
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
Par Value (if applicable)

Entitlement Details

Company Name Ratio
(New : Existing)
Available/Listing Date Fractional Entitlement
DGB ASIA BERHAD 1.0000 : 10.0000 25 Nov 2020 Round Down / Fraction Disregard

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 :
The Share Consolidation involves the consolidation of every 10 existing Shares into 1 Consolidated Share as at 5.00 p.m. on 24 November 2020, being the entitlement date for the Share Consolidation.

The actual number of Consolidated Shares to be issued would depend on the issued share capital of the Company on the entitlement date for the Share Consolidation. Fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and dealt with by the Board of Directors of the Company at its absolute discretion in such manner as it may deem fit or expedient and in the best interest of the Company.

The Consolidated Shares will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 25 November 2020, being the next market day following the entitlement date for the Share Consolidation. The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders within 4 market days after the date of listing and quotation of the Consolidated Shares on the ACE Market of Bursa Securities.

The Share Consolidation will result in a reduction in the number of Shares available in the market and the trading price of the Shares will be adjusted accordingly in proportion to the basis of the Share Consolidation. The shareholders of the Company are strongly advised to trade cautiously to prevent overselling of their position in respect of the Shares held.

This announcement is dated 10 November 2020.


Announcement Info

Company Name DGB ASIA BERHAD
Stock Name DGB
Date Announced 10 Nov 2020
Category Entitlement(Notice of Book Closure)
Reference Number ENT-10112020-00006
Corporate Action ID MY201110SPLR0001