Bonus Issue

[AXTERIA] Bonus Issue on 06-Aug-2020

Announcement Date: 23-Jul-2020
Related Stock:
AXTERIA
AXTERIA GROUP BERHAD
Share Registrar:
AXTERIA
AXTERIA GROUP BERHAD
Amount

1.0000 : 2.0000

  • Ex Date
    06-Aug-2020
  • Entitlement Date
    07-Aug-2020
Description
BONUS ISSUE OF UP TO 97,211,700 WARRANTS ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ACOUSTECH SHARES HELD BY THE ENTITLED SHAREHOLDERS OF ACOUSTECH AT 5.00P.M. ON 7 AUGUST 2020 ("BONUS ISSUE OF WARRANTS")

About AXTERIA GROUP BERHAD
Axteria Group Bhd., formerly Acoustech Berhad, is a Malaysia-based investment holding company. The Company is engaged in manufacturing and trading of speaker units, multimedia speaker systems and developing properties. The Company's segments include audio division, which is engaged in manufacturing, assembly and sales of speaker units; multimedia speaker systems, including component parts; and property development division, which is engaged in developing of properties, and investment holding. The Company's subsidiaries include Formosa Prosonic Technics Sdn. Bhd., which is engaged in manufacturing and assembly of speaker units, multi-media speaker systems and molded plastic parts, and Teras Eco Sdn. Bhd. and JM Cemerlang Sdn. Bhd., which are involved in property development.

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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