SUNWAY-WB

2.080

+0.03 (+1.5%)

Additional Listing Announcement /Subdivision of Shares

SUNWAY BERHAD

1. Details of Corporate Proposal

Involve issuance of new type/class of securities ? No
Types of corporate proposal Others
Details of corporate proposal ADJUSTMENTS TO THE EXERCISE PRICE AND THE NUMBER OF OUTSTANDING WARRANTS 2017/2024 IN SUNWAY BERHAD ("SUNWAY" OR "COMPANY") ("WARRANTS") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 19 SEPTEMBER 2017 CONSTITUTING THE WARRANTS, PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF 977,779,351 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES ("ICPS") IN SUNWAY AT AN ISSUE PRICE OF RM1.00 PER ICPS ON THE BASIS OF ONE ICPS FOR EVERY FIVE EXISTING ORDINARY SHARES IN SUNWAY ("SUNWAY SHARES") HELD BY THE ENTITLED SHAREHOLDERS OF SUNWAY AT 5.00 P.M. ON 6 NOVEMBER 2020 ("RIGHTS ISSUE OF ICPS") ("ADJUSTMENTS")
No. of shares issued under this corporate proposal 39,555,548
Issue price per share ($$) Malaysian Ringgit (MYR)   0.0000
Par Value($$) (if applicable) Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units 669,513,593
Issued Share Capital ($$) Malaysian Ringgit (MYR) 0.000
Listing Date 08 Dec 2020


Remarks :
Pursuant to the Rights Issue of ICPS, the exercise price of the Warrants has been revised from RM1.65 per Sunway Share to RM1.56 per Sunway Share and an additional 39,555,548 Warrants have been allotted and issued on 11 November 2020 to the entitled warrant holders whose names appear on the Record of Depositors of Sunway at 5.00pm on 6 November 2020. The additional Warrants will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 8 December 2020 simultaneously with the ICPS.

The total outstanding Warrants after the Adjustments is 669,513,593.

This announcement is dated 7 December 2020.


Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY-WB
Date Announced 07 Dec 2020
Category Additional Listing Announcement /Subdivision of Shares
Reference Number ALA-24112020-00001