Profile for Warrants
Amended Announcements
Please refer to the earlier announcement reference number: MM-110224-58421
SUMATEC RESOURCES BERHAD |
Instrument Type | Warrants |
Description | WARRANTS 2011/2021 ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE ("WARRANTS") |
Listing Date | 10/03/2011 |
Issue Date | 04/03/2011 |
Issue/ Ask Price | Not Applicable |
Issue Size Indicator | Unit |
Issue Size in Unit | 118,756,997 |
Maturity Date | 03/03/2021 |
Revised Maturity Date | |
Exercise/ Conversion Period | 10.00Year(s) |
Revised Exercise/ Conversion Period | |
Exercise/Strike/Conversion Price | MYR 0.3500 |
Revised Exercise/Strike/Conversion Price | MYR 0.3200 |
Exercise/ Conversion Ratio | 1 Warrant : 1 Share |
Revised Exercise/ Conversion Ratio | |
Mode of satisfaction of Exercise/ Conversion price | Cash |
Settlement Type/ Convertible into | Physical (Shares) |
Remarks : |
The Warrants are issued for free to the subscribers of the renounceable rights issue of 53,591,055 new ordinary shares of RM0.35 each (“Rights Shares”) on the basis of one (1) Rights Share and two (2) free Warrants for every three (3) ordinary shares of RM0.35 each held at 5.00 p.m. on 9 February 2011. Each Warrant entitles the holder to subscribe for one (1) new Sumatec share at the exercise price of RM0.35 per share, which shall be satisfied in cash, at any time during the exercise period, subject to adjustments in accordance with the provisions of the Deed Poll dated 8 October 2010 and the Supplemental Deed Poll dated 23 February 2011. Any Warrants not exercised during the exercise period will thereafter lapse and cease to be valid for any purpose. Subsequently, Sumatec Resources Berhad ("Sumatec") has on 14 November 2013 issued new shares and warrants pursuant to its rights issue with warrants exercise. Pursuant thereto, the exercise price of the outstanding Warrants was revised from RM0.35 to RM0.32 while an additional 11,574,887 Warrants will be listed and quoted on 21 November 2013. The notice to Warrantholders dated 28 October 2013 containing the details of the adjustments has been despatched to the Warrantholders. |
Announcement Info
Company Name | SUMATEC RESOURCES BERHAD |
Stock Name | SUMATEC-WA |
Date Announced | 19 Nov 2013 |
Category | Listing Information & Profile |
Reference No | OS-131119-69082 |