ASTEEL

0.100

+0.005 (+5.3%)

OTHERS YKGI Holdings Berhad ("YKGI" or "Company") and its subsidiaries ("YKGI Group" or "Group") 1) The private placement exercise of the Company involving the issuance of ordinary shares of YKGI ("YKGI Share(s)") at an issue price of RM0.10 each ("Private Placement") of which was completed on 9 October 2020; 2) Adjustment to the conversion price of outstanding redeemable convertible preference shares of the Company ("RCPS") held by Nippon Steel Corporation ("Adjustment").

YKGI HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
YKGI Holdings Berhad ("YKGI" or "Company") and its subsidiaries ("YKGI Group" or "Group")

1) The private placement exercise of the Company involving the issuance of ordinary shares of YKGI ("YKGI Share(s)") at an issue price of RM0.10 each ("Private Placement") of which was completed on 9 October 2020;

2) Adjustment to the conversion price of outstanding redeemable convertible preference shares of the Company ("RCPS") held by Nippon Steel Corporation ("Adjustment").

YKGI wishes to announce that the Private Placement was completed on 9 October 2020 via an issue price of RM0.10 per YKGI Share.

 

Pursuant to the subscription agreement dated 4 March 2010 entered into between YKGI and Nippon Steel Corporation, a company incorporated in Japan (“Nippon Steel”) for the subscription of 21,726,100 RCPS (“Subscription Agreement”) and based on the Constitution of the Company, the conversion price of the RCPS will be subject to adjustments from time to time, in the event of issuance of additional ordinary shares by the Company at an issue price lower than the applicable conversion price of the RCPS prior to such issue (“Additional Shares”).

 

In light of the above, the Adjustment is required to be effected. Further details of the Adjustment are outlined in the file as attached.

 

This announcement is dated 28 December 2020.




Please refer attachment below.



Announcement Info

Company Name YKGI HOLDINGS BERHAD
Stock Name YKGI
Date Announced 28 Dec 2020
Category General Announcement for PLC
Reference Number GA1-17122020-00025