|Entitlement subject||Share Consolidation|
CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN AIRASIA X BERHAD ("AAX" OR THE "COMPANY") ("AAX SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 11 FEBRUARY 2022 INTO 1 AAX SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
|Ex-Date||10 Feb 2022|
|Entitlement date||11 Feb 2022|
|Entitlement time||5:00 PM|
|Financial Year End|
|Share transfer book & register of members will be||to closed from (both dates inclusive) for the purpose of determining the entitlement|
|a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers||11 Feb 2022|
|b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit|
|c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.|
|Number of new shares/securities issued (units)
|Par Value (if applicable)|
(New : Existing)
|Available/Listing Date||Fractional Entitlement|
|AIRASIA X BERHAD||1.0000 : 10.0000||14 Feb 2022||Round Down / Fraction Disregard|
|Registrar or Service Provider name, address, telephone no||TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD
Unit 32-01, Level 32, Tower A,
Vertical Business Suite, Avenue 3, Bangsar South,
No. 8, Jalan Kerinchi
59200 Kuala Lumpur
The Share Consolidation involves the consolidation of every 10 existing AAX Shares into 1 Consolidated Share as at 5.00 p.m. on 11 February 2022, being the entitlement date for the Share Consolidation.
The actual number of Consolidated Shares to be issued would depend on the issued share capital of the Company on the entitlement date for the Share Consolidation. Fractional entitlements arising from the Share Consolidation, in respect of the Consolidated Shares, if any, shall be disregarded and/or dealt with by the Board of Directors of the Company ("Board) in such manner and on such terms and conditions as the Board it in its absolute discretion may deem fit or expedient and in the best interests of the Company.
The Consolidated Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 14 February 2022, 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 within 4 market days after the date of listing and quotation of the Consolidated Shares on the Main Market of Bursa Securities.
The Share Consolidation will result in a reduction in the number of Shares available in the market and the trading price of the Shares will be adjusted accordingly 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 the Shares held.
This announcement is dated 26 January 2022.
|Company Name||AIRASIA X BERHAD|
|Date Announced||26 Jan 2022|
|Category||Entitlement(Notice of Book Closure)|
|Corporate Action ID||MY220126SPLR0001|