Profile for Warrants
| MEDIA PRIMA BERHAD |
|
Instrument Type | Warrants |
| Description | Warrants 2009/2014 (“Warrants”) issued pursuant to the take-over offer by Media Prima Berhad (“MPB”) to acquire all the remaining ordinary shares of RM1.00 each in The New Straits Times Press (Malaysia) Berhad (“NSTP Shares”) not already owned by MPB |
| Listing Date | 07/01/2010 |
| Issue Date | 31/12/2009 |
| Issue/ Ask Price |  |
| Issue Size Indicator | Unit |
| Issue Size in Unit | 15,154,832 |
| Maturity Date | 31/12/2014 |
| Revised Maturity Date | |
| Exercise/ Conversion Period | 5.00 Year(s) |
| Revised Exercise/ Conversion Period | |
| Exercise/ Conversion Ratio | 1 Warrant : 1 Share |
| Mode of satisfaction of Exercise/ Conversion price | Cash |
| Settlement Type/ Convertible Into | Physical (Shares) |
| Exercise/ Strike/ Conversion Price | MYR 1.8000 |
| Remarks : |
| The Warrants are issued for free to shareholders of The New Straits Times Press (Malaysia) Berhad ("NSTP") who have accepted the take-over offer by MPB through CIMB Investment Bank Berhad to acquire all the remaining NSTP Shares not already owned by MPB (“Offer Shares”). The offer consideration for the Offer Shares is RM2.40 each, to be satisfied by the issuance of six (6) ordinary shares of RM1.00 each in MPB (“MPB Shares”) at an issue price of RM2.00 each and one (1) free new Warrant (“Consideration Warrant”), for every five (5) Offer Shares accepted (“Offer”). The 15,154,832 Warrants represent the first tranche of Consideration Warrants issued to NSTP shareholders who had accepted the Offer before 5.00 p.m. on 24 December 2009. MPB will be issuing additional Consideration Warrants to NSTP shareholders who had accepted the Offer after the aforesaid date in due course. Further, the bonus warrants (under the proposed bonus issue of warrants to existing shareholders of MPB as announced on 16 October 2009) and the detachable warrants (under the proposed bonds with detachable warrants as announced on 16 October 2009) will be issued as the same class of Warrants which will be identical in all respects, save for the dates of issuance of the Warrants. Each Warrant carries the entitlement to subscribe for one (1) new MPB Share at the Exercise Price at any time during the period commencing from and including the Issue Date up to and including the Maturity Date (“Exercise Period”). The Exercise Price is subject to customary adjustments in accordance with the provisions of the deed poll dated 17 December 2009. Any Warrant which has not been exercised during the Exercise Period will lapse and cease thereafter to be valid for any purpose. (This announcement is dated 6 January 2010) |
Announcement Info
| Company Name | MEDIA PRIMA BERHAD |
| Stock Name | MEDIA-WB |
| Date Announced | 6 Jan 2010 |
| Category | Listing Information & Profile |
| Reference No | MM-100106-40402 |