Profile for Warrants
| KIMLUN CORPORATION BERHAD |
|
Instrument Type | Warrants |
| Description | Free detachable warrants issued pursuant to the Rights Issue with Warrants (as defined below) |
| Listing Date | 19/03/2014 |
| Issue Date | 13/03/2014 |
| Issue/ Ask Price | Not Applicable |
| Issue Size Indicator | Unit |
| Issue Size in Unit | 60,112,500 |
| Maturity Date | 12/03/2024 |
| Revised Maturity Date | |
| Exercise/ Conversion Period | 10.00Year(s) |
| Revised Exercise/ Conversion Period |  |
| Exercise/Strike/Conversion Price | MYR 1.6800 |
| Revised Exercise/Strike/Conversion Price | |
| Exercise/ Conversion Ratio | 1 Warrant : 1 Kimlun Share |
| Revised Exercise/ Conversion Ratio | |
| Mode of satisfaction of Exercise/ Conversion price | Cash |
| Settlement Type/ Convertible into | Physical (Shares) |
| Remarks : |
| The warrants are issued to the entitled shareholders of Kimlun Corporation Berhad ("Kimlun") pursuant to the renounceable rights issue of 60,112,500 new ordinary shares of RM0.50 each in Kimlun ("Kimlun Share(s)") ("Rights Share(s)") on the basis of one (1) Rights Share for every four (4) existing Kimlun Shares held together with 60,112,500 free detachable warrants ("Warrant(s)") on the basis of one (1) Warrant for every one (1) Rights Share subscribed for, at 5.00 p.m. on 18 February 2014 ("Rights Issue with Warrants"). Each Warrant carries the entitlement to subscribe for one (1) new Kimlun Share at the exercise price of RM1.68 and at any time during the exercise period as indicated above ("Exercise Period"), subject to the adjustments in accordance with the provisions of the deed poll dated 30 January 2014 constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 18 March 2014. |
Announcement Info
| Company Name | KIMLUN CORPORATION BERHAD |
| Stock Name | KIMLUN-WA |
| Date Announced | 18 Mar 2014 |
| Category | Listing Information & Profile |
| Reference No | MI-140318-41354 |