Profile for Warrants
| SERSOL BERHAD |
|
Instrument Type | Warrants |
| Description | Warrants 2013/2023 issued pursuant to the Rights Issue of Shares with Warrants (as defined below) |
| Listing Date | 29/04/2013 |
| Issue Date | 19/04/2013 |
| Issue/ Ask Price | Not Applicable |
| Issue Size Indicator | Unit |
| Issue Size in Unit | 96,351,000 |
| Maturity Date | 18/04/2023 |
| Revised Maturity Date | |
| Exercise/ Conversion Period | 10.00Year(s) |
| Revised Exercise/ Conversion Period |  |
| Exercise/Strike/Conversion Price | MYR 0.1800 |
| Revised Exercise/Strike/Conversion Price | |
| Exercise/ Conversion Ratio | 1 Warrant : 1 SerSol 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 SerSol pursuant to the renounceable rights issue of 96,351,000 new ordinary shares of RM0.10 each in SerSol (“SerSol Shares”) (“Rights Shares”), together with 96,351,000 free detachable new warrants (“Warrants”) on the basis of one (1) Rights Share together with one (1) Warrant for every one (1) existing SerSol Share held at 5.00 p.m. on 29 March 2013 (“Rights Issue of Shares with Warrants”). Each Warrant carries the entitlement to subscribe for one (1) new SerSol Share at the exercise price of RM0.18 and at any time during the exercise period, subject to the adjustments in accordance with the provisions of the deed poll dated 15 March 2013, 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 25 April 2013. |
Announcement Info
| Company Name | SERSOL BERHAD (ACE Market) |
| Stock Name | SERSOL-WA |
| Date Announced | 25 Apr 2013 |
| Category | Listing Information & Profile |
| Reference No | OS-130424-56467 |