HUBLINE-WC

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Listing Information & Profile

Profile for Securities of PLC

HUBLINE BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
HUBLINE BERHAD ("HUBLINE" OR THE "COMPANY")

ISSUANCE OF 944,837,534 FREE DETACHABLE WARRANTS ("WARRANTS C") TO THE ENTITLED SHAREHOLDERS OF HUBLINE PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,417,256,368 NEW ORDINARY SHARES EACH IN HUBLINE ("RIGHTS SHARE(S)") ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY FIVE (5) ORDINARY SHARES HELD IN HUBLINE ("HUBLINE SHARES"), TOGETHER WITH UP TO 944,837,579 WARRANTS C ON THE BASIS OF TWO (2) WARRANTS C FOR EVERY THREE (3) RIGHTS SHARES SUBSCRIBED ("RIGHTS ISSUE WITH WARRANTS")
Listing Date 21 Dec 2018
Issue Date 18 Dec 2018
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 944,837,534
Maturity Mandatory
Maturity Date 17 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)   0.0550
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 C carries the entitlement to subscribe for 1 new ordinary share in Hubline 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 November 2018, constituting the Warrants C. Any Warrants C not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.

This announcement is dated 20 December 2018.


Announcement Info

Company Name HUBLINE BERHAD
Stock Name HUBLINE-WC
Date Announced 20 Dec 2018
Category Listing Information and Profile
Reference Number LIP-20122018-00003