Adjustment

[PMBTECH-CG] Adjustment on 22-Oct-2024

Announcement Date: 14-Oct-2024
Related Stock:
PMBTECH
PMB TECHNOLOGY BHD
Share Registrar:
PMBTECH
PMB TECHNOLOGY BHD
Amount

:

  • Ex Date
    22-Oct-2024
  • Entitlement Date
    23-Oct-2024
Description
ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER THE ORDINARY SHARES OF PMB TECHNOLOGY BERHAD ("PMBTECH") ("PMBTECH SHARE(S)") ("PMBTECH-CG") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF 243,704,826 NEW PMBTECH SHARES ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM1.27 PER RIGHTS SHARE ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 20 EXISTING PMBT SHARES HELD AS AT 5.00 P.M. ON 23 OCTOBER 2024 ("RIGHTS ISSUE")

About PMB TECHNOLOGY BHD
PMB Technology Bhd is principally an investment holding company. The firm is engaged in the manufacturing and/or distribution of access equipment and other aluminium related products and distribution of extruded aluminium profiles and related building materials. The principal activities of the group are: Design, fabrication, and installation of aluminium curtain wall, skylight and facade works, Fabrication and installation of aluminium formwork system, Manufacturing and marketing of aluminium access equipment and Trading and distribution of aluminium related products and building materials. The group manufactures access equipment like ladders and scaffold tower. Majority of the company's revenue is derived from Malaysia.

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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