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Share Consolidation

DESTINI BERHAD

Entitlement subject Share Consolidation
Entitlement description
CONSOLIDATION OF EVERY 10 ORDINARY SHARES IN DESTINI BERHAD ("DESTINI" OR THE "COMPANY") ("DESTINI SHARE(S)") INTO 1 DESTINI SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION")
Ex-Date 10 Jun 2024
Entitlement date 11 Jun 2024
Entitlement time 5:00 PM
Financial Year End 30 Jun 2024
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 Jun 2024
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)
(If applicable)
Entitlement indicator Ratio
Par Value (if applicable)

Entitlement Details

Company Name Ratio
(New : Existing)
Available/Listing Date Fractional Entitlement
DESTINI BERHAD 1.0000 : 10.0000 12 Jun 2024 Round Down / Fraction Disregard

Registrar or Service Provider name, address, telephone no INSURBAN CORPORATE SERVICES SDN BHD
149 Jalan Aminuddin Baki
Taman Tun Dr Ismail

60000 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0377295529
Fax:0377285948


Remarks :
The actual number of Consolidated Shares to be consolidated would depend on the issued share capital of Destini on the Entitlement Date. Fractional entitlements arising from the Share Consolidation, if any, shall be disregarded and dealt with by the Board of Directors of the Company in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company.

The date of the listing and quotation for the Consolidated Shares on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") shall be on 12 June 2024, being the next market date immediately after the Entitlement Date.

The notices of allotment of the Consolidated Shares will be issued and despatched to all the entitled shareholders of Destini within 4 market days after the date of the listing and quotation for the Consolidated Shares on the Main Market of Bursa Securities.

This announcement is dated 24 May 2024.


Announcement Info

Company Name DESTINI BERHAD
Stock Name DESTINI
Date Announced 24 May 2024
Category Entitlement(Notice of Book Closure)
Reference Number ENT-24052024-00009
Corporate Action ID MY240524SPLR0001



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