JAKS-WB

0.005

(%)

Listing Information & Profile

Profile for Securities of PLC

JAKS RESOURCES BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
Warrants in JAKS Resources Berhad ("JRB") ("Warrant(s)") issued pursuant to the renounceable rights issue of 102,428,430 Warrants on the basis of 1 Warrant for every 2 existing ordinary shares in JRB held as at 5.00 p.m. on Wednesday, 21 November 2018 at an issue price of RM0.25 per Warrant ("Rights Issue of Warrants")
Listing Date 20 Dec 2018
Issue Date 14 Dec 2018
Issue/ Ask Price Malaysian Ringgit (MYR)   0.2500
Issue Size Indicator Unit
Issue Size in Unit 102,428,430
Maturity Mandatory
Maturity Date 13 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)   0.6400
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 JRB Share at the exercise price of RM0.64 and at any time during the exercise period of 5 years as indicated above ("Exercise Period") commencing from and including the issue date and ending at 5.00 p.m. on the expiry date (provided that if such a day is not a market day, then it shall be the market day immediately preceding the said non-market day). The Warrants are subject to the adjustments in accordance with the provisions of the deed poll dated 5 November 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 19 December 2018.


Announcement Info

Company Name JAKS RESOURCES BERHAD
Stock Name JAKS-WB
Date Announced 19 Dec 2018
Category Listing Information and Profile
Reference Number LIP-18122018-00004