Adjustment

FINTEC GLOBAL BERHAD

Entitlement subject Adjustment
Entitlement description
ADJUSTMENT TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2014/2024 OF FINTEC GLOBAL BERHAD (''FINTEC'' OR THE ''COMPANY'') (''WARRANTS A'') IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 17 MARCH 2014 CONSTITUTING THE WARRANTS A (''DEED POLL A'') PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,971,299,066 NEW ORDINARY SHARES IN FINTEC (''FINTEC SHARES'' OR ''SHARES'') (''RIGHTS SHARES'') AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE TOGETHER WITH UP TO 1,577,039,252 FREE DETACHABLE WARRANTS IN FINTEC (''WARRANTS C'') ON THE BASIS OF 5 RIGHTS SHARES TOGETHER WITH 4 FREE WARRANTS C FOR EVERY 5 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 25 NOVEMBER 2020 ("RIGHTS ISSUE WITH WARRANTS")("ADJUSTMENTS")
EX-date 24 Nov 2020
Entitlement date 25 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 25 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 0.2757 : 1.0000
Rights Issue/Offer Price
Par Value (if applicable)
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 :
The Notice of Book Closure in relation to the Rights Issue with Warrants had been announced by the Company separately today.

Holders of outstanding Warrants A (''Warrant A Holders'') who wish to be entitled to the Rights Shares with Warrants C should exercise their rights to subscribe for new Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar, Tricor Investor & Issuing House Services Sdn Bhd, on or before 5.00 p.m. on 13 November 2020. This is to enable the new Shares arising from such exercise to be allotted to the respective Warrant A Holders such that their names will appear on the Record of Depositors of the Company by 5.00 p.m. on 25 November 2020.

The Warrant A Holders who have not exercised their outstanding Warrants A by 5.00 p.m. on 13 November 2020 and whose names appear in the Record of Depositors for the outstanding Warrants A as at 5.00 p.m. on 25 November 2020 would be entitled to the Adjustments.

The entitlement ratio indicated above is for illustration only based on the Base Case Scenario as set out in the circular to shareholders of the Company in relation to, amongst others, the Rights Issue with Warrants dated 9 October 2020. The actual number of additional Warrants A to be issued and the adjusted exercise price of the Warrants A pursuant to the Adjustments shall be finalised at a later date prior to the listing and quotation of the Rights Shares with Warrants C.

The notice of allotment for the additional Warrants A arising from the Adjustments will be despatched to the Warrant A Holders by 22 December 2020. The notice to Warrant A Holders (setting out details of the Adjustments) will be despatched in due course.

This announcement is dated 11 November 2020.


Announcement Info

Company Name FINTEC GLOBAL BERHAD
Stock Name FINTEC-WA
Date Announced 11 Nov 2020
Category Entitlement(Notice of Book Closure)
Reference Number ENT-11112020-00012