Adjustments to the exercise price and the number of outstanding Warrants 2021/2026 ("Warrant(s) B") of Engtex Group Berhad ("Engtex" or the "Company") in accordance with the provisions of the deed poll dated 28 July 2021 ("Deed Poll") pursuant to the bonus issue of up to 414,303,807 new ordinary shares in Engtex ("Bonus Share(s)") on the basis of 3 Bonus Shares for every 4 existing ordinary shares in Engtex ("Engtex Share(s)") held by the shareholders of Engtex at 5.00 p.m. on 9 August 2024 ("Entitlement Date") ("Bonus Issue") ("Adjustments")
About ENGTEX GROUP BHD
Engtex Group Bhd is an investment holding company. It is divided into four divisions namely Wholesale and Distribution, Manufacturing, Property Development and Hospitality. Wholesale and Distribution includes sale and distribution of pipes, valves fitting and steel related products. Manufacturing includes the sale of steel and ductile iron pipes and fittings, valves, hydrants, industrial casting products and other related products. Property Development includes property development activities and hospitality involves the company's hotel business which includes the provision of rooms, food, beverage and other hospitality services. The Wholesale and Distribution and Manufacturing division together account for a significant majority of the company's turnover.
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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