Profile for Warrants


Instrument Type

DescriptionWarrants issued pursuant to the acquisition by Nextnation Communication Berhad (“NCB”) of one (1) block of eleven (11)-storey office building known as Block 1 (Type E), The Horizon, Bangsar South bearing postal address Tower 7, Avenue 3, The Horizon Phase 1, Bangsar South, No. 8, Jalan Kerinchi, 59200, Kuala Lumpur erected on part of the leasehold land held under PN 46338, Lot No. 58190 (formerly held under H.S.(D) 115345, Lot No. PT 8097), Mukim and District of Kuala Lumpur, State of Wilayah Persekutuan from Bidang Lagenda Sdn Bhd for a total purchase consideration of RM64.00 million to be settled via the issuance of 192,000,000 new ordinary shares of RM0.10 each in NCB at the issue price of RM0.30 each together with 120,000,000 free detachable warrants and a cash payment of RM6.40 million (“Acquisition”) 
Listing Date30/07/2013
Issue Date23/07/2013
Issue/ Ask PriceNot Applicable
Issue Size IndicatorUnit
Issue Size in Unit120,000,000
Maturity Date22/07/2023
Revised Maturity Date 
Exercise/ Conversion Period10.00Year(s)
Revised Exercise/ Conversion Period
Exercise/Strike/Conversion PriceMYR 0.3500
Revised Exercise/Strike/Conversion Price
Exercise/ Conversion Ratio1 Warrant : 1 Share
Revised Exercise/ Conversion Ratio
Mode of satisfaction of Exercise/ Conversion priceCash
Settlement Type/ Convertible intoPhysical (Shares)

Remarks :
The warrants were issued for free to the warrant holders and/or its renouncee(s)/transferee(s) pursuant to the Acquisition.

Each Warrant entitles the registered holder to subscribe for one (1) new ordinary share of RM0.10 each in NCB at any time during the period commencing on and including the Issue Date and ending at 5.00 p.m. in Malaysia on the Maturity Date (“Exercise Period”) at the Exercise Price which shall be subject to the adjustments under certain circumstance in accordance with the provisions of the Deed Poll dated 22 July 2013 constituting the Warrants during the Exercise Period. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.

Announcement Info

Stock Name NEXTNAT-WB    
Date Announced29 Jul 2013  
CategoryListing Information & Profile
Reference NoMM-130725-53723