Adjustment

[MTOUCHE-WA] Adjustment on 29-Sep-2017

Announcement Date: 08-Sep-2017
Related Stock:
MTOUCHE
MTOUCHE TECHNOLOGY BHD
Share Registrar:
MTOUCHE
MTOUCHE TECHNOLOGY BHD
FY: 30-Jun-2018
Amount

88.7017 : 1000

  • Ex Date
    29-Sep-2017
  • Entitlement Date
    03-Oct-2017
Description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2008/2018 ("WARRANTS A") AS SPECIFIED IN THE DEED POLL DATED 21 NOVEMBER 2007 ("DEED POLL A") AS A CONSEQUENCE OF THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 557,500,566 NEW ORDINARY SHARES IN MTOUCHE TECHNOLOGY BERHAD ("MTOUCHE" OR THE "COMPANY") ("MTOUCHE SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.20 PER RIGHTS SHARE TOGETHER WITH UP TO 278,750,283 FREE DETACHABLE WARRANTS IN MTOUCHE ("WARRANTS C") ON THE BASIS OF SIX (6) RIGHTS SHARES TOGETHER WITH THREE (3) FREE WARRANTS C FOR EVERY TWO (2) EXISTING MTOUCHE SHARES HELD BY THE ENTITLED SHAREHOLDERS OF MTOUCHE AT 5.00 P.M. ON 3 OCTOBER 2017 ("ENTITLED SHAREHOLDERS") ("RIGHTS ISSUE WITH WARRANTS") ("ADJUSTMENTS")

About MTOUCHE TECHNOLOGY BHD
Mtouche Technology Bhd is engaged in mobile value-added services as well as digital media marketing. The company?s core business consists of mobile applications and related technology services including development of mobile content, mobile messaging technologies, billing platforms, and interactive media solutions based on wireless and internet technologies, and others. The business operates in segments that are Computers, Furniture and Fittings, Office Equipment, Renovations, and Motor Vehicles. The Computer segment generates maximum revenue for the company. Geographically the company exports its services to Hong Kong, Thailand, Singapore, Indonesia, Vietnam, Cambodia, and the Philippines.

How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.

On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
How to subscribe
Shareholders that fulfill the requirement above will need to fill in and submit the right subscription form to the share registrar:

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Mina Sanpo

ape maksud ni

2017-09-20 10:16

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