Kindly take note of the following Share Consolidation exercise by PDZ HOLDINGS BHD ("PDZ:) (stock code: 6254):-
CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PDZ HOLDINGS BHD ("PDZ") ("PDZ SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 11 AUGUST 2021 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
In relation to the Share Consolidation undertaken by PDZ as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:
(a) on or after the Ex-date on 9 August 2021, trading of PDZ shares will be based on the newly adjusted share after the Share Consolidation of PDZ shares,
(b) on the basis of settlement taking place after 11 August 2021 with consolidated PDZ shares, any entitled shareholder who owns PDZ shares as at Ex-date may sell only up to the maximum PDZ shares he expects to receive after the Share Consolidation, i.e. the reduced amount, on or after the Ex-date 9 August 2021.
With the adjustments pursuant to the Share Consolidation effected on PDZ shareholders' CDS account at the end of the Entitlement Date, an entitled PDZ shareholder may use the following basis to estimate the maximum number of PDZ shares that he may sell from the Ex-date until the Entitlement Date which is from 9 August 2021 until 11 August 2021.
Number of PDZ shares that may be sold from 9 August 2021 until 11 August 2021 |
= |
Number of shares held / 10 (All fractional shares computed should be disregarded) |
Illustration:
For example, if Mr X owns or purchases 1000 PDZ shares on cum basis on 6 August 2021, his CDS account would still show 1000 PDZ shares until 11 August 2021. However, as a result of the above Share Consolidation exercise, Mr X's 1000 PDZ shares in his CDS account will be adjusted to 100 PDZ shares on the night of 11 August 2021 which is the Entitlement Date. Therefore, Mr X may, if he so wishes, sells only up to 100 PDZ shares on or after the Ex-date i.e. from 9 August 2021 onwards.
The Consolidated Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 12 August 2021, being the next market day following the entitlement date for the Share Consolidation.
Participating Organisations hereby caution all dealers and remisiers that, during the period from 9 August 2021 until 11 August 2021, they are only entitled to sell the maximum of 1/10 of the shares owned before the Ex-date.
Kindly take note of the Warrants Adjustment on PDZ HOLDINGS BHD-WARRANTS B 2018/2023 ("PDZ-WB") (stock code: 6254WB):-
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2018/2023 OF PDZ HOLDINGS BHD ("PDZ") ("WARRANTS B") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 19 DECEMBER 2017 CONSTITUTING THE WARRANTS B PURSUANT TO THE CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PDZ ("PDZ SHARES") HELD AT 5.00 P.M. ON 11 AUGUST 2021 ("ENTITLEMENT DATE") INTO 1 PDZ SHARE ("SHARE CONSOLIDATION") ("ADJUSTMENTS")
The Warrants B will be consolidated on the basis of every 10 Warrants B held by the entitled holders of Warrants B (whose names appear in the Record of Depositors for the Warrants B at 5.00 p.m. on the Entitlement Date) into 1 Warrant B ("Consolidated Warrant B").
In relation to the warrants adjustment undertaken by PDZ-WB as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:
(a) on or after the Ex-date on 9 August 2021, trading of PDZ-WB will be based on the newly adjusted warrants arising from warrants adjustments,
(b) on the basis of settlement taking place after 11 August 2021 with adjusted PDZ-WB, an entitled warrants holder who owns PDZ-WB as at Ex-date may sell only up to the maximum PDZ-WB he expects to receive after the adjustment, i.e. the reduced amount, on or after the Ex-date 9 August 2021.
With the warrants adjustments pursuant to the Share Consolidation effected on PDZ-WB holders' CDS account at the end of the Entitlement Date, an entitled PDZ-WB holder may use the following basis to estimate the maximum number of PDZ-WB that he may sell from the Ex-date until the Entitlement Date which is from 9 August 2021 until 11 August 2021.
Number of PDZ-WB that may be sold from 9 August 2021 until 11 August 2021 |
= |
Number of warrants held / 10 (All fractional warrants computed should be disregarded) |
Illustration:
For example, if Mr X owns or purchases 1000 PDZ-WB on cum basis on 6 August 2021, his CDS account would still show 1000 PDZ-WB until 11 August 2021. However, as a result of the above warrants adjustment, Mr X's 1000 PDZ-WB in his CDS account will be adjusted to 100 PDZ-WB on the night of 11 August 2021 which is the Entitlement Date. Therefore, Mr X may, if he so wishes, sells only up to 100 PDZ-WB on or after the Ex-date i.e. from 9 August 2021 onwards.
The Consolidated Warrants B will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 12 August 2021, being the next market day following the Entitlement Date. Further, the existing exercise price of Warrants B of RM0.10 each will be revised to RM1.00 each pursuant to the Adjustments.
Participating Organisations hereby caution all dealers and remisiers that, during the period from 9 August 2021 until 11 August 2021, they are only entitled to sell the maximum of 1/10 of the warrants owned before the Ex-date.