WASCO - Notice of Rights Entitlement (Ratio)
Restricted offering of 15,500,000 new ordinary shares in Wasco Greenergy Berhad ("Greenergy") ("Issue Shares") to the entitled shareholders of Wasco Berhad in conjunction with the listing of Greenergy on the Main Market of Bursa Malaysia Securities Berhad ("Restricted Offering")
Kindly be advised of the following :
1) The above Company’s securities will be traded and quoted “<Ex-Rights Issue>” as from: 14 Nov 2025
2) The last date of lodgment : 17 Nov 2025
Remarks:
A total of 15,500,000 Issue Shares have been reserved for application by the entitled shareholders of Wasco Berhad via the Restricted Offering, and shall be allocated in the following manner:
(a) each entitled shareholder of Wasco Berhad who applies for at least 100 Issue Shares is guaranteed an allocation of 100 Issue Shares;
(b) any balance Issue Shares after the allocation under item (a) above shall be allocated to the entitled shareholders of Wasco Berhad who applied in excess of 100 Issue Shares on a pro-rata basis, computed based on their respective shareholdings in Wasco Berhad as at the entitlement date. For the avoidance of doubt, the allocation under item (b) prioritises the entitled shareholders of Wasco Berhad in proportion of their shareholdings held in Wasco Berhad; and
(c) any balance Issue Shares after the allocation under items (a) and (b) above shall be allocated to the entitled shareholders of Wasco Berhad on a pro-rata basis, computed based on the quantum of their respective Issue Shares under application. For clarification, the allocation under item (c) distributes the balance Issue Shares from item (b) above to remaining applicants for excess Issue Shares in proportion to the size of their application.
Any fractional entitlements and odd lots arising from the Restricted Offering will be disregarded and rounded down to the nearest board lot.
The entitlement of the entitled shareholders of Wasco Berhad to participate in the Restricted Offering is non-renounceable and non-tradable. Entitled shareholders of Wasco Berhad are not allowed to submit multiple applications for the Issue Shares made available under the Restricted Offering and the Board of Greenergy has the absolute discretion to reject multiple applications. However, the Restricted Offering does not preclude the entitled shareholders of Wasco Berhad from making additional applications for the Issue Shares made available under the Malaysian Public category using the WHITE Application Forms.
The application period, last date for acceptance and payment, and the listing date stated above are tentative only and may be subject to change. An announcement on the timetable for the IPO will be made in due course. Further, the offer price for the Restricted Offering is also tentative and the final offer price for the Restricted Offering will be determined in accordance with the Prospectus to be issued in due course.
Tricor Investor & Issuing House Services Sdn Bhd has been appointed to manage the applications for the Issue Shares by the entitled shareholders of Wasco Berhad under the Restricted Offering. Acceptance of and payment for the Restricted Offering can be made via the BLUE Application Form or electronically via the Issuing House's digital platform, namely Vistra Share Registry and IPO (MY) Portal at https://srmy.vistra.com.