INGENIEU-WA

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Listing Information & Profile

Profile for Securities of PLC

TATT GIAP GROUP BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
FREE DETACHABLE WARRANTS IN TATT GIAP GROUP BERHAD ("TATT GIAP") ("WARRANTS") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 682,453,608 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN TATT GIAP ("ICPS") AT AN ISSUE PRICE OF RM0.06 PER ICPS TOGETHER WITH UP TO 85,306,701 FREE DETACHABLE WARRANTS ON THE BASIS OF 8 ICPS TOGETHER WITH 1 FREE WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN TATT GIAP HELD BY THE ENTITLED SHAREHOLDERS OF TATT GIAP AT 5.00 P.M. ON 3 DECEMBER 2018 ("ENTITLED SHAREHOLDERS")
Listing Date 03 Jan 2019
Issue Date 27 Dec 2018
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 85,306,696
Maturity Mandatory
Maturity Date 26 Dec 2023
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)   0.1200
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 1 new Tatt Giap Share at the exercise price of RM0.12 at any time during the exercise period (as indicated above) ("Exercise Period"), subject to any adjustments that may be made from time to time in accordance with the provisions of the deed poll constituting the Warrants dated 16 November 2018. Any Warrant not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose and shall be cancelled and treated to have been cancelled forthwith.

If the maturity date of the Warrants falls on a non-market day, then it will fall on the preceding market day.

This announcement is dated 2 January 2019.


Announcement Info

Company Name TATT GIAP GROUP BERHAD
Stock Name TATGIAP-WA
Date Announced 02 Jan 2019
Category Listing Information and Profile
Reference Number LIP-02012019-00019