DOLPHIN - Notice of Book Closure

Consolidation of every 10 existing ordinary shares in Dolphin International Berhad ("Dolphin") ("Shares") held at 5:00 p.m. on 2 October 2023 into 1 Share ("Consolidated Share") ("Share Consolidation")

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Consolidation” as from: 29 Sep 2023
2) The last date of lodgment : 02 Oct 2023

Remarks 1: 

Participating Organisations are to take note of the following Share Consolidation exercise by DOLPHIN INTERNATIONAL BERHAD.

The Share Consolidation comprises the following:-

Consolidation of every 10 existing ordinary shares in Dolphin International Berhad ("Dolphin") ("Shares") held at 5:00 p.m. on 2 October 2023 into 1 Share ("Consolidated Share") ("Share Consolidation")

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

(a) on or after the Ex-date on 29 Sep 2023, trading of DOLPHIN shares will be based on the newly adjusted share after the Share Consolidation of DOLPHIN shares,

(b) on the basis of settlement taking place after 02 Oct 2023 with consolidated DOLPHIN shares, any entitled shareholder who owns DOLPHIN shares as at Ex-date may sell only up to the maximum DOLPHIN shares he expects to receive after the Share Consolidation, i.e. the reduced amount, on or after the Ex-date 29 Sep 2023.

With the adjustments pursuant to the Share Consolidation effected on DOLPHIN shareholders’ CDS account at the end of the Entitlement Date (“Books Closure Date”), an entitled DOLPHIN shareholder may use the following basis to estimate the maximum number of DOLPHIN shares that he may sell from the Ex-date until the Book Closing Date which is from 29 Sep 2023 until 02 Oct 2023.
 
Number of DOLPHIN shares that may be                                =              Number of shares held / 10
sold from 29 Sep 2023 until 02 Oct 2023                                                (All fractional shares computed should be disregarded)

Illustration:

For example, if Mr X owns or purchases 1000 DOLPHIN shares on cum basis on 27 Sep 2023, his CDS account would still show 1000 DOLPHIN shares until 02 Oct 2023. However, as a result of the above Share Consolidation exercise, Mr X’s 1000 DOLPHIN  shares in his CDS account will be adjusted to 100 DOLPHIN shares on the night of 02 Oct 2023 which is the Book Closing Date. Therefore, Mr X may, if he so wishes, sells only up to 100 DOLPHIN  shares on or after the Ex-date i.e. from  29 Sep 2023 onwards.

 Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 29 Sep 2023 until 02 Oct 2023, they are only entitled to sell the maximum of 1/10 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 10 existing Shares into 1 Consolidated Share as at 5.00 p.m. on 2 October 2023, being the entitlement date for the Share Consolidation.

The actual number of Consolidated Shares in issue will be determined based on the total number of Shares in issue as at 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 of Dolphin at its absolute discretion as it may deem fit or expedient and in the best interest of Dolphin.

The Consolidated Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 3 October 2023, 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 for the Consolidated Shares on the Main Market of Bursa Malaysia Securities Berhad.

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 Dolphin are strongly advised to trade cautiously to prevent overselling of their position in respect of the Shares held.