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For example, if Mr X owns or purchases 1000 JAG shares on cum basis on 19 August 2020, his CDS account would still show 1000 JAG shares until 24 August 2020. However, as a result of the above Share Consolidation exercise, Mr X’s 1000 JAG shares in his CDS account will be adjusted to 250 JAG shares on the night of 24 August 2020 which is the Book Closing Date. Therefore, Mr X may, if he so wishes, sells only up to 250 JAG shares on or after the Ex-date i.e. from 21 August 2020 o