EXTRACTED FROM CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: (I) PROPOSED SHARE CONSOLIDATION; AND (II) PROPOSED RIGHTS ISSUE (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
The Proposed Share Consolidation involves the consolidation of every 15 existing Shares held by the entitled shareholders at the entitlement date, into 1 Consolidated Share. It is the intention of our Company to implement the Proposed Share Consolidation prior to the implementation of the Proposed Rights Issue.
=================== Barring any unforeseen circumstances and subject to all required approvals being obtained, our Board expects the Proposals to be completed in the 2nd quarter of 2022.
Date..........................Event
28 March 2022 ● EGM for the Proposals
End March 2022 ● Announcement of the entitlement date for the Proposed Share Consolidation
Mid April 2022 ● Book closure date for the Proposed Share Consolidation / listing and quotation for the Consolidated Shares and Consolidated ICPS / completion of the Proposed Share Consolidation
May 2022 ● Announcement of the price-fixing date for the Proposed Rights Issue ● Announcement of the Entitlement Date for the Proposed Rights Issue ● Issuance of Abridged Prospectus, Rights Subscription Form and Notice of Provisional Allotment for the Proposed Rights Issue
June 2022 ● Closing date for the acceptance and application for the Rights Shares ● Listing of and quotation for the Rights Shares on the Main Market of Bursa
================== More information on the effect of consolidation of AGES-PA in Circular. (upward adjustment of conversion price) Doesn't look good for PA holders =================
Thank you whistlebower99 for the explanation . All small holders vote against 2 proposals. that's y many of us are against the proposals. Things cannot simply see from surfaces. same tactic they always using.
All small shareholder stay united and firm vote against 2 proposals, only 25% we can overturn the consolidation and RI. I already gather more than 2% to vote against the 2 proposals. It is time for us, the small shareholder to say "NO" to the 2 proposals. to let management know that they can not do whatever they wish. if through after the 15 to 1 consolidation yr share may not even worth 1 cents. take this scenario, 3 cents now, after 15 to1, it become 45cents. RI at 20 cents, yr share from 45 cents will go down to around 20 cents! In fact it may just worth less than 2 cents as now.
1. Proposed Share Consolidation involves the consolidation of every 15 existing Shares held by the entitled shareholders at the entitlement date, into 1 Consolidated Share.
2. Proposed Rights Issue on the basis of 2 Rights Shares for every 1 Consolidated Share held on the Entitlement Date to the Entitled Shareholders. The Proposed Rights Issue shall be implemented after the Proposed Share Consolidation.
AGES-PA will also be consolidated 15:1 and the conversion price will be adjusted from 0.13 to 1.95. Not sure whether it will be further adjusted upon completion of the rights issue. Read circular for more details.
KCKL only .you are top5?? show all of us yr portfolio loh. if takut show then no need talk East Talk West here confirm that you are hired keyboard warrior. my wolf dog also stay @anjing pondok ( bungalow) that u are the first told starhock to sell all his tickets.
I said it many time, u wan vote against, then do your part come and vote
If ur heart and soul weak like tofu soft like girl girl then just sit down keep quiet go buy fixed deposit and stay at home play masak with other girl girl
for those unable to attain the EGM, you can send or courier your proxy form before 28 of March(better few days early) to: Ageson Berhad Aldpro Corporate Services Sdn Bhd Level 5, Block B, Dataran PHB Saujana Resort, Section U2 40150 Shah Alam Selangor
Star firm, vote against 2 proposals.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Supreme Consolidated Resources Berhad, a distributor and warehouser of F&B products, aims to list on the ACE Market!
MQ Trader 400 views | 10 d ago
0:17
New IPO: O&G healthcare service provider, Metro Healthcare Berhad aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
awesome20
1,198 posts
Posted by awesome20 > 2022-03-14 18:21 | Report Abuse
time to rebound