Profile for Warrants


Instrument Type

DescriptionWarrants 2013/2023 issued pursuant to the Rights Issue of Shares with Warrants (as defined below) 
Listing Date29/04/2013
Issue Date19/04/2013
Issue/ Ask PriceNot Applicable
Issue Size IndicatorUnit
Issue Size in Unit96,351,000
Maturity Date18/04/2023
Revised Maturity Date 
Exercise/ Conversion Period10.00Year(s)
Revised Exercise/ Conversion Period
Exercise/Strike/Conversion PriceMYR 0.1800
Revised Exercise/Strike/Conversion Price
Exercise/ Conversion Ratio1 Warrant : 1 SerSol Share
Revised Exercise/ Conversion Ratio
Mode of satisfaction of Exercise/ Conversion priceCash
Settlement Type/ Convertible intoPhysical (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 NameSERSOL BERHAD (ACE Market) 
Stock Name SERSOL-WA    
Date Announced25 Apr 2013  
CategoryListing Information & Profile
Reference NoOS-130424-56467