BNASTRA - Notice of Rights Entitlement (Ratio)

BINASTRA CORPORATION BERHAD

RENOUNCEABLE RIGHTS ISSUE OF 45,250,000 NEW ORDINARY SHARES IN BINASTRA CORPORATION BERHAD ("BINASTRA" OR "COMPANY") ("BINASTRA SHARES(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT AN ISSUE PRICE OF RM0.80 PER RIGHTS SHARE, ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 10 EXISTING BINASTRA SHARES HELD AS AT 5.00 P.M. ON 9 April 2024 ("RIGHTS ISSUE")

Kindly be advised of the following :

1) The above Company’s securities will be traded and quoted “Ex- Rights Issue” as from: 08 Apr 2024
2) The last date of lodgment : 09 Apr 2024
3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-       
          a) Selling Broker to deduct 1/11, of Selling Price against the Selling Client
          b) Buying Broker to deduct 10%, of Purchase Price against the Buying Client
          c) Between Broker and Broker, the deduction of 1/11, of the Transacted Price is applicable.

Remarks :

The Abridged Prospectus, together with the Notice of Provisional Allotment and Rights Subscription Form in relation to the Rights Issue (collectively referred to as the "Documents") will only be despatched to the shareholders whose names appear in Binastra's Record of Depositors as at 5.00 p.m. on 9 April 2024 ("Entitlement Date") ("Entitled Shareholders") at their registered address in Malaysia or who have provided the share registrar, Tricor Investor & Issuing House Services Sdn. Bhd., with a registered address in Malaysia in writing by 5.00 p.m. on the Entitlement Date.

Entitled Shareholders who do not have a registered address in Malaysia and wish to provide their Malaysian address, should inform their respective stockbrokers or Tricor Investor & Issuing House Services Sdn Bhd to effect the change of address by the Entitlement Date. The Documents are not intended to be (and will not be) issued, circulated, distributed in any countries or jurisdictions other than Malaysia. No action has been or will be taken to ensure that the Rights Issue and the Documents comply with the law of any countries or jurisdictions other than the laws of Malaysia.