SUMATEC-WA

0.005

(%)

Profile for Warrants

Amended Announcements
Please refer to the earlier announcement reference number: MM-110224-58421

SUMATEC RESOURCES BERHAD

Instrument Type

Warrants
DescriptionWARRANTS 2011/2021 ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE ("WARRANTS") 
Listing Date10/03/2011
Issue Date04/03/2011
Issue/ Ask PriceNot Applicable
Issue Size IndicatorUnit
Issue Size in Unit118,756,997
Maturity Date03/03/2021
Revised Maturity Date 
Exercise/ Conversion Period10.00Year(s)
Revised Exercise/ Conversion Period
Exercise/Strike/Conversion PriceMYR 0.3500
Revised Exercise/Strike/Conversion PriceMYR 0.3200 
Exercise/ Conversion Ratio 1 Warrant : 1 Share
Revised Exercise/ Conversion Ratio
Mode of satisfaction of Exercise/ Conversion priceCash
Settlement Type/ Convertible intoPhysical (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 NameSUMATEC RESOURCES BERHAD  
Stock Name SUMATEC-WA    
Date Announced19 Nov 2013  
CategoryListing Information & Profile
Reference NoOS-131119-69082