Adjustments to the exercise price and the number of outstanding warrants 2010/2015 of JADI Imaging Holdings Berhad (“JADI” or “Company”) (“Warrants 2010/2015”) in accordance with the deed poll dated 27 September 2010 pursuant to the bonus issue of up to 309,812,224 new ordinary shares of RM0.10 each in JADI (“Bonus Shares”) on the basis of 1 Bonus Share for every 3 existing ordinary shares of RM0.10 each in JADI held as at 5.00 p.m. on 3 April 2015 (“Adjustments”).
Kindly be advised of the following :
1) The above Company’s securities will be traded and quoted [ "Ex – Adjustment" ]
as from : [1 April 2015 ]
2) The last date of lodgement : [3 April 2015 ]
Remarks 1) :- "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 6 April 2015 with adjustment to the number of outstanding JADI-WA shares, any shareholder who is entitled to receive JADI-WA additional shares may now sell any or all of his JADI-WA shares arising from adjustment consequent to the bonus issue beginning the Ex-Date ( 1 April 2015 ).
For example, if Mr X purchases 100 JADI-WA shares on cum basis on 31 March 2015, Mr X should receive 100 shares on 3 April 2015. Consequent to a bonus issue, a total of 133 JADI-WA shares will be credited into Mr X’s CDS account on the night of 3 April 2015 being the Book Closing Date. Therefore, Mr X can sell the JADI-WA shares of 133 on or after the Ex-Date ie from 1 April 2015 onwards."
Remarks 2) :- The holders of the Warrants 2010/2015 (“Warrantholders”) whose names appear in the Record of Depositors of JADI for the Warrants 2010/2015 as at 5.00 p.m. on 3 April 2015 (“Entitlement Date”) shall accordingly be entitled to the Adjustments.
For illustrative purposes only, a Warrantholder who holds 100 Warrants 2010/2015 shall have the number of outstanding Warrants 2010/2015 adjusted to 133 Warrants 2010/2015 and the exercise price of the outstanding Warrants 2010/2015 shall be adjusted from RM0.17 to RM0.13 per Warrant 2010/2015. The adjustment to the exercise price of Warrants 2010/2015 and the number of additional Warrants 2010/2015 to be issued shall be certified by the Company’s auditors prior to the effective date.
The Adjustments shall take effect on 6 April 2015, being the next market day following the Entitlement Date. The notice setting out the Adjustments will be despatched to the Warrantholders within 21 days from the Entitlement Date. No action is required on the part of the Warrantholders in respect of the Adjustments.
The final number of additional Warrants 2010/2015 to be issued and allotted will depend on the number of outstanding Warrants 2010/2015 which have yet to be exercised as at the Entitlement Date and shall be listed and quoted simultaneously with the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad on 6 April 2015, being the next market day following the Entitlement Date.
For the Warrantholders to be entitled to the Bonus Shares, they must exercise their respective Warrants 2010/2015 and lodge their duly completed and signed exercise form together with the exercise monies with the share registrar of the Company, Tricor Investor Services Sdn Bhd, by 5.00 p.m. on 24 March 2015.