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SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS) MERIDIAN BERHAD ("MERIDIAN" OR THE "COMPANY") CONSOLIDATION OF EVERY 4 EXISTING ORDINARY SHARES IN MERIDIAN ("MERIDIAN SHARES") HELD AT 5.00 P.M. ON 21 FEBRUARY 2023 ("SHARE CONSOLIDATION ENTITLEMENT DATE") INTO 1 CONSOLIDATED MERIDIAN SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")

MERIDIAN BERHAD

Type Announcement
Subject SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS)
Description
MERIDIAN BERHAD ("MERIDIAN" OR THE "COMPANY")

CONSOLIDATION OF EVERY 4 EXISTING ORDINARY SHARES IN MERIDIAN ("MERIDIAN SHARES") HELD AT 5.00 P.M. ON 21 FEBRUARY 2023 ("SHARE CONSOLIDATION ENTITLEMENT DATE") INTO 1 CONSOLIDATED MERIDIAN SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")

We refer to the announcements made on 2 August 2022, 1 September 2022, 6 September 2022, 30 September 2022, 28 October 2022, 21 November 2022 and 7 February 2023 in relation to, amongst others, the Share Consolidation and circular to shareholders dated 30 November 2022 in relation to, amongst others, the Share Consolidation. Unless otherwise defined, the definitions set out in the Circular shall apply herein.

 

On behalf of the Board, Malacca Securities wishes to announce that Meridian’s existing 913,739,108 Meridian Shares (including 9,563,400 treasury shares) have been consolidated into 228,434,743 Consolidated Shares (including 2,390,850 consolidated treasury shares and after disregarding the fractional entitlements), pursuant to the Share Consolidation.
 

The 48,421,408 outstanding Warrants C will also be consolidated into 12,105,271 consolidated Warrants C (“Consolidated Warrants C”) (after disregarding the fractional entitlements), pursuant to the Share Consolidation.

 

The Consolidated Shares and Consolidated Warrants C will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) with effect from 9.00 a.m. on 22 February 2023, being the next market day immediately after the Share Consolidation Entitlement Date.

 

This announcement is dated 21 February 2023.






Announcement Info

Company Name MERIDIAN BERHAD
Stock Name MERIDIAN
Date Announced 21 Feb 2023
Category General Announcement for PLC
Reference Number GA1-21022023-00016



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