Profile for Warrants
| EDUSPEC HOLDINGS BERHAD |
|
Instrument Type | Warrants |
| Description | Free detachable warrants ("Warrants") issued pursuant to the renounceable rights issue of 255,166,667 new ordinary shares of RM0.10 each in Eduspec Holdings Berhad ("Eduspec") ("Eduspec Shares") ("Rights Share(s)") together with 382,750,000 new free Warrants on the basis of one (1) Rights Share and one point five (1.5) free Warrants for every two (2) existing ordinary shares of RM0.10 each in Eduspec held as at 5.00 p.m. on 29 November 2013 at an issue price of RM0.10 per Rights Share ("Rights Issue with Warrants") |
| Listing Date | 30/12/2013 |
| Issue Date | 24/12/2013 |
| Issue/ Ask Price | Not Applicable |
| Issue Size Indicator | Unit |
| Issue Size in Unit | 382,750,000 |
| Maturity Date | 24/12/2018 |
| Revised Maturity Date | |
| Exercise/ Conversion Period | 5.00Year(s) |
| Revised Exercise/ Conversion Period |  |
| Exercise/Strike/Conversion Price | MYR 0.1800 |
| Revised Exercise/Strike/Conversion Price | |
| Exercise/ Conversion Ratio | 1 Warrant : 1 Eduspec Share |
| Revised Exercise/ Conversion Ratio | |
| Mode of satisfaction of Exercise/ Conversion price | Cash |
| Settlement Type/ Convertible into | Physical (Shares) |
| Remarks : |
| The Warrants are issued pursuant to the renounceable rights issue of 255,166,667 new ordinary shares of RM0.10 each in Eduspec on the basis of one (1) Rights Share and one point five (1.5) free Warrants for every two (2) existing ordinary shares of RM0.10 each in Eduspec held at 5.00 p.m. on 29 November 2013. Each Warrant entitles the holder to subscribe for one (1) new Eduspec Share at the exercise price of RM0.18 at any time from and inclusive of the Issue Date until the Maturity Date (inclusive) ("Exercise Period"), subject to the adjustments in accordance with the provisions of the deed poll dated 19 November 2013 constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. |
Announcement Info
| Company Name | EDUSPEC HOLDINGS BERHAD (ACE Market) |
| Stock Name | EDUSPEC-WA |
| Date Announced | 27 Dec 2013 |
| Category | Listing Information & Profile |
| Reference No | CU-131217-52272 |