SUNWAY-PA

3.070

-0.04 (-1.3%)

Listing Information & Profile

Profile for Securities of PLC

SUNWAY BERHAD

Instrument Category Securities of PLC
Instrument Type Preference Shares
Description
RENOUNCEABLE RIGHTS ISSUE OF 977,779,351 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES ("ICPS") IN SUNWAY BERHAD ("SUNWAY") AT AN ISSUE PRICE OF RM1.00 PER ICPS ON THE BASIS OF ONE ICPS FOR EVERY FIVE EXISTING ORDINARY SHARES ("SUNWAY SHARES") IN THE COMPANY HELD BY THE ENTITLED SHAREHOLDERS AT 5.00 P.M. ON 6 NOVEMBER 2020
Listing Date 08 Dec 2020
Issue Date 03 Dec 2020
Issue/ Ask Price Malaysian Ringgit (MYR)   1.0000
Issue Size Indicator Unit
Issue Size in Unit 977,779,351
Maturity Mandatory
Maturity Date 02 Dec 2025
Revised Maturity Date
Name of Guarantor Not Applicable
Name of Trustee Not Applicable
Coupon/Profit/Interest/Payment Rate
Subject to the availability of profits, Sunway shall at the discretion of the Board of Directors of Sunway pay an indicative preferential dividend on a semi-annual basis at the rate of 5.25% per annum calculated based on the issue price of RM1.00 per ICPS.
Coupon/Profit/Interest/Payment Frequency
Semi-annual basis
Redemption Not Applicable
Exercise/Conversion Period 5.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   1.0000
Revised Exercise/Strike/Conversion Price Not Applicable
Exercise/Conversion Ratio 1:1
Revised Exercise/Conversion Ratio Not Applicable
Mode of satisfaction of Exercise/ Conversion price Tendering of securities
Settlement Type/ Convertible into Physical (Shares)



Remarks :
The ICPS are convertible in the following manner:

(i)	50% of the outstanding ICPS shall be mandatorily converted into new Sunway Shares on the market day immediately preceding the 4th anniversary of the issue date of the ICPS at the conversion price of RM1.00 per Sunway Share ("Conversion Price"); and

(ii)	the remaining balance of the ICPS shall be mandatorily converted into new Sunway Shares on the maturity date as stated above at the Conversion Price.

If the conversion results in a fractional entitlement to Sunway Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of ICPS, cash or otherwise, shall be given for the disregarded fractional entitlement.

This announcement is dated 7 December 2020.


Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY-PA
Date Announced 07 Dec 2020
Category Listing Information and Profile
Reference Number LIP-07122020-00010