STRUCTURED WARRANTS ANNOUNCEMENT : FURTHER OFFERING
EKOVEST-C39: CW EKOVEST BERHAD (KIBB) |
Type | Announcement |
Subject | STRUCTURED WARRANTS ANNOUNCEMENT FURTHER OFFERING |
Description | KENANGA INVESTMENT BANK BERHAD ("KIBB") PROPOSED FURTHER ISSUE OF UP TO 35,000,000 EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER THE ORDINARY SHARES OF EKOVEST BERHAD ("EKOVEST") ("EKOVEST-C39") |
Reference is made to our announcements dated 22 June 2023 in relation to the offering of 35,000,000 European-style non-collateralised cash-settled call warrants over the ordinary shares of EKOVEST (“Existing Issue”) and 29 September 2023 in relation to the proposed further issue of up to 35,000,000 European-style non-collateralised cash-settled call warrants over the ordinary shares of EKOVEST (“Further Issue”).
The purpose of the Further Issue is to facilitate the market making process of the Existing Issue. The Further Issue will form part of the Existing Issue and the terms and conditions of the Further Issue will be identical with the Existing Issue.
The EKOVEST-C39 is constituted by the Deed Poll dated 18 May 2023 executed by us, as supplemented from time to time. The EKOVEST-C39 is subject to terms and conditions of the Base Prospectus dated 25 May 2023, the Existing Issue Term Sheet dated 22 June 2023 and the Further Issue Term Sheet dated 5 October 2023.
The EKOVEST-C39 will be listed on the Structured Warrants Board of Malaysia Securities Berhad and issued by KIBB under the Base Prospectus dated 25 May 2023.
A summary of principal terms of the EKOVEST-C39 is set out in Table 1.
This announcement is dated 5 October 2023. |
Please refer attachment below.
Announcement Info
Company Name | EKOVEST-C39: CW EKOVEST BERHAD (KIBB) |
Stock Name | EKOVEST-C39 |
Date Announced | 05 Oct 2023 |
Category | General Announcement for PLC |
Reference Number | GA1-03102023-00014 |