Adjustment

[MPIRE-WB] Adjustment on 08-Nov-2024

Announcement Date: 23-Oct-2024
Related Stock:
MPIRE
MPIRE GLOBAL BERHAD
Share Registrar:
MPIRE
MPIRE GLOBAL BERHAD
FY: 31-Dec-2024
Amount

1.0000 : 2.0000

  • Ex Date
    08-Nov-2024
  • Entitlement Date
    11-Nov-2024
Description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2021/2024 IN MPIRE GLOBAL BERHAD ("MPIRE" OR "COMPANY") AS CONSTITUTED BY THE DEED POLL DATED 22 NOVEMBER 2021 ("DEED POLL B") ("WARRANTS B") PURSUANT TO THE CONSOLIDATION OF EVERY 2 EXISTING ORDINARY SHARES IN MPIRE ("SHARE(S)") HELD AS AT 5.00 P.M. ON 11 NOVEMBER 2024 ("ENTITLEMENT DATE") INTO 1 SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION")

About MPIRE GLOBAL BERHAD
Mpire Global Bhd, formerly Sand Nisko Capital Berhad, is an investment holding company with provision of management services to its subsidiary companies. The subsidiary companies are engaged in manufacturing and trading bedroom, dining as well as living space furniture, trading of logs, property construction and holding of investment properties. Its segments include construction, furniture manufacturing & trading, rental of buildings with services, investment holding, and other. Its subsidiaries include Len Cheong Manufacturing Sdn. Bhd., Len Cheong Industries Sdn. Bhd., Len Cheong Resources Sdn. Bhd., and SNC First Sdn. Bhd. Len Cheong Manufacturing Sdn. Bhd. focuses on trading in furniture renting and operating of self-owned or leased property. Len Cheong Industries Sdn. Bhd. is engaged in trading of logs and sawn timber, processing of wood products and general contractor. Len Cheong Resources Sdn. Bhd. is engaged in the business of real property and housing 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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