Description

Rights issue closing date extended by one day to Wednesday, September 10, 2025 due to bank holiday and shareholder requests for additional time.

Summary

Josts Engineering Company Limited has extended the closing date of its ongoing rights issue by one day from Tuesday, September 9, 2025 to Wednesday, September 10, 2025. The extension was approved by the Rights Issue Committee due to Monday, September 8, 2025 being a bank holiday and multiple requests from eligible shareholders for additional time to participate.

Key Points

  • Rights issue closing date extended from September 9 to September 10, 2025
  • Extension approved by Rights Issue Committee meeting held on September 6, 2025
  • Issue originally opened on Friday, August 29, 2025
  • Extension granted due to bank holiday and shareholder requests
  • Last date for CAF submission is now Wednesday, September 10, 2025

Regulatory Changes

No regulatory changes - this is a procedural extension of an existing rights issue timeline.

Compliance Requirements

  • Eligible shareholders must submit duly filled CAF along with application amount by September 10, 2025
  • No changes required to existing LOF, CAF and ALOF documents dated August 13, 2025 except closing date modification
  • Updated indicative timetable for post-issue activities

Important Dates

  • Issue Closing Date: Wednesday, September 10, 2025 (extended from September 9)
  • Basis of Allotment: Thursday, September 18, 2025
  • Date of Allotment: Friday, September 19, 2025
  • Date of Credit: Tuesday, September 23, 2025
  • Date of Listing: Wednesday, September 24, 2025
  • CAF Submission Deadline: Wednesday, September 10, 2025

Impact Assessment

The one-day extension provides additional opportunity for eligible shareholders to participate in the rights issue, potentially improving subscription levels. The extension maintains orderly market operations while accommodating the bank holiday disruption and shareholder requests for more time.

Impact Justification

Extension affects shareholder subscription timeline and market participation for ongoing rights issue