AZRB-WA - Notice of Bonus Entitlement

ADJUSTMENTS MADE TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2014/2024 IN AHMAD ZAKI RESOURCES BERHAD ("AZRB") CONSTITUTED BY A DEED POLL DATED 18 MARCH 2014 ("DEED POLL") ("WARRANTS") PURSUANT TO THE BONUS ISSUE OF UP TO 79,840,322 NEW ORDINARY SHARES IN AZRB ("AZRB SHARES") ("BONUS SHARES") TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF 1 BONUS SHARE FOR EVERY 8 EXISTING AZRB SHARES HELD BY SHAREHOLDERS OF AZRB WHOSE NAMES APPEAR ON THE RECORD OF DEPOSITORS AS AT 5.00 P.M. ON 14 DECEMBER 2018 ("ENTITLEMENT DATE") ("BONUS ISSUE") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL ("ADJUSTMENTS").
 

Kindly be advised of the following :

1)    The above Company’s securities will be traded and quoted “[EX-BONUS ISSUE]” as from: 12 Dec 2018
2)    The last date of lodgment : 14 Dec 2018
3)    Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
        a)    Selling Broker to deduct <1/9>, of Selling Price against the Selling Client
        b)    Buying Broker to deduct <11.11%>, of Purchase Price against the Buying Client
        c)    Between Broker and Broker, the deduction of <1/9>, of the Transacted Price is applicable.

Remarks 1 :"Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 14 December 2018 with bonus issue of  AZRB shares, any shareholder who is entitled to receive AZRB bonus issue shares, may sell any or all of his AZRB shares arising from the bonus issue beginning the Ex-Date (12 December 2018).

For example, if Mr X purchases 400 AZRB  shares on cum basis on 11 December 2018, Mr X should receive 400 shares on 14 December 2018. As a result of the bonus issue, a total of 450 AZRB shares will be credited into Mr X's CDS account on the night of 14 December 2018 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 450 on or after the Ex-Date ie from 12 December 2018 onwards."

Remarks 2 :Warrant holders are advised to read this notice of book closure together with the Company's announcements dated 30 November 2018 in relation to the notice of book closure for the Bonus Shares. The exercise price of the Warrants will be adjusted which will be rounded up to the nearest one (1) sen, in accordance with the provisions of the Deed Poll while additional Warrants consequential to the Bonus Issue will be allotted and issued to the entitled Warrant holders of the Company whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date. Any adjustments to the number of Warrants will be rounded downwards to the nearest whole Warrant. The final number of additional Warrants to be issued and allotted will depend on the number of outstanding Warrants which have yet to be exercised as at the Entitlement Date and shall be listed and quoted simultaneously with the Bonus Shares on 17 December 2018. The notice to Warrant holders setting out the details of the adjustments and the notice of allotment of the additional Warrants will be despatched in due course.