KGROUP - Notice of Book Closure

CONSOLIDATION OF EVERY 30 EXISTING ORDINARY SHARES IN KEY ALLIANCE GROUP BERHAD ("KAG" OR "COMPANY") ("KAG SHARE(S)" OR "SHARES") INTO 1 KAG SHARE ("SHARE CONSOLIDATION")

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Consolidation” as from: 05 Mar 2025
2) The last date of lodgment : 06 Mar 2025

Remarks 1: 

Participating Organisations are to take note of the following Share Consolidation exercise by KEY ALLIANCE GROUP BERHAD.

The Share Consolidation comprises the following:-

CONSOLIDATION OF EVERY 30 EXISTING ORDINARY SHARES IN KEY ALLIANCE GROUP BERHAD ("KAG" OR "COMPANY") ("KAG SHARE(S)" OR "SHARES") INTO 1 KAG SHARE ("SHARE CONSOLIDATION")

In relation to the Share Consolidation undertaken by KGROUP as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:
 

(a) on or after the Ex-date on 05 Mar 2025, trading of KGROUP shares will be based on the newly adjusted share after the Share Consolidation of KGROUP shares,

(b) on the basis of settlement taking place after 06 Mar 2025 with consolidated KGROUP shares, any entitled shareholder who owns KGROUP shares as at Ex-date may sell only up to the maximum KGROUP shares he expects to receive after the Share Consolidation, i.e. the reduced amount, on or after the Ex-date 05 Mar 2025.

With the adjustments pursuant to the Share Consolidation effected on KGROUP shareholders’ CDS account at the end of the Entitlement Date (“Books Closure Date”), an entitled KGROUP shareholder may use the following basis to estimate the maximum number of KGROUP shares that he may sell from the Ex-date until the Book Closing Date which is from 05 Mar 2025 until 06 Mar 2025.
 
Number of KGROUP shares that may be                                =              Number of shares held / 30
sold from 05 Mar 2025 until 06 Mar 2025                  (All fractional shares computed should be disregarded)

Illustration:

For example, if Mr X owns or purchases 3000 KGROUP shares on cum basis on 04 Mar 2025, his CDS account would still show 3000 KGROUP shares until 06 Mar 2025. However, as a result of the above Share Consolidation exercise, Mr X’s 3000 KGROUP shares in his CDS account will be adjusted to 100 KGROUP shares on the night of 06 Mar 2025 which is the Book Closing Date. Therefore, Mr X may, if he so wishes, sells only up to 100 KGROUP shares on or after the Ex-date i.e. from  05 Mar 2025 onwards.

 Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 05 Mar 2025 until 06 Mar 2025, they are only entitled to sell the maximum of 1/30 of the shares owned before the Ex-date. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their client’s position

Remarks 2: 

The Share Consolidation involves the consolidation of every 30 KAG Shares held as at 5.00 p.m. on 6 March 2025, being the entitlement date for the Share Consolidation, into 1 KAG Share ("Consolidated Share(s)"). 

The actual number of Consolidated Shares will be determined based on the total number of issued shares of the Company on the entitlement date for the Share Consolidation.

Fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and dealt with by the Board of Directors in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company.

The Consolidated Shares will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 7 March 2025, being the next market day following the entitlement date for the Share Consolidation.

The notices of allotment of the Consolidated Shares will be issued and despatched to the entitled shareholders of the Company within 4 market days after the listing and quotation of the Consolidated Shares on the ACE Market of Bursa Securities.

The Share Consolidation will result in a reduction in the number of KAG Shares available in the market and the trading price of the KAG Shares will be adjusted in proportion to the basis of the Share Consolidation. The shareholders of the Company are strongly advised to trade cautiously to prevent overselling of their position in respect of their KAG Shares.