HEXIND-WA - Notice of Book Closure

ADJUSTMENTS TO THE NUMBER AND EXERCISE PRICE OF OUTSTANDING WARRANTS 2016/2021 OF HEXTAR INDUSTRIES BERHAD ("HEXTAR INDUSTRIES" OR THE "COMPANY") ("WARRANTS") AS A CONSEQUENCE OF THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,268,911,225 NEW ORDINARY SHARES IN HEXTAR INDUSTRIES ("HEXTAR INDUSTRIES SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 5 RIGHTS SHARES FOR EVERY 1 EXISTING HEXTAR INDUSTRIES SHARE HELD AS AT 5.00 P.M. ON 29 SEPTEMBER 2021 AT AN ISSUE PRICE OF RM0.12 PER RIGHTS SHARE ("RIGHTS ISSUE") ("ADJUSTMENTS")
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 28 Sep 2021
2)  The last date of lodgment : 29 Sep 2021

Remarks:-  The Notice of Book Closure in relation to the Rights Issue had been announced by the Company separately today.

Holders of outstanding Warrants ("Warrant Holders") who wish to be entitled to the Rights Shares should exercise their rights to subscribe for new Hextar Industries Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the share registrar, Tricor Investor & Issuing House Services Sdn Bhd, on or before 5.00 p.m. on 17 September 2021. This is to enable the new Hextar Industries Shares arising from such exercise to be allotted to the respective Warrant Holders such that their names will appear on the Record of Depositors of the Company by 5.00 p.m. on 29 September 2021 ("Entitlement Date").

The Warrant Holders who have not exercised their outstanding Warrants by 5.00 p.m. on 17 September 2021 and whose names appear in the Record of Depositors for the outstanding Warrants on the Entitlement Date would be entitled to the Adjustments.

Fractional entitlements arising from the Adjustments, if any, shall be disregarded and dealt with in such manner as the Board of Directors of the Company in its sole and absolute discretion deems fit and expedient and in the best interests of the Company.

Further, the existing exercise price of Warrants of RM0.30 each will be revised to RM0.16 each pursuant to the Adjustments.

The additional Warrants to be issued pursuant to the Adjustments will be listed and quoted simultaneously with the Rights Shares on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities"). The Adjustments will only be finalised on the Entitlement Date and will be effective on the following market day. A notice to the Warrant Holders on the Adjustments will be despatched to the Warrant Holders in due course.