MYCRON-WA

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Listing Information & Profile

Profile for Securities of PLC

MYCRON STEEL BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
MYCRON STEEL BERHAD ("MYCRON" OR "COMPANY")

ISSUANCE OF 21,756,070 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) RIGHTS SHARES SUBSCRIBED TO THE ENTITLED SHAREHOLDERS OF MYCRON PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF 43,512,144 NEW ORDINARY SHARES IN MYCRON ("MYCRON SHARES") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY FIVE (5) MYCRON SHARE HELD AT 5.00 P.M. ON 31 DECEMBER 2018 AT AN ISSUE PRICE OF RM0.30 PER RIGHTS SHARE
Listing Date 31 Jan 2019
Issue Date 28 Jan 2019
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 21,756,070
Maturity Mandatory
Maturity Date 26 Jan 2024
Revised Maturity Date
Name of Guarantor Not Applicable
Name of Trustee Not Applicable
Coupon/Profit/Interest/Payment Rate Not Applicable
Coupon/Profit/Interest/Payment Frequency Not Applicable
Redemption Not Applicable
Exercise/Conversion Period 5.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.6000
Revised Exercise/Strike/Conversion Price Not Applicable
Exercise/Conversion Ratio 1:1
Revised Exercise/Conversion Ratio Not Applicable
Mode of satisfaction of Exercise/ Conversion price Cash
Settlement Type/ Convertible into Physical (Shares)



Remarks :
Each Warrant carries the entitlement to subscribe for one (1) new Mycron Share at the exercise price (as indicated above) 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 7 December 2018 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 30 January 2019.


Announcement Info

Company Name MYCRON STEEL BERHAD
Stock Name MYCRON-WA
Date Announced 30 Jan 2019
Category Listing Information and Profile
Reference Number LIP-30012019-00001