+0.005 (+14.3%)

Listing Information & Profile

Profile for Securities of PLC


Instrument Category Securities of PLC
Instrument Type Warrants
Adjustment to the exercise price and number of outstanding warrants 2017/ 2024 in Bahvest Resources Berhad ("BAHVEST" or "Company") constituted by the deed poll dated 2 August 2017 pursuant to the bonus issue of 610,738,330 new shares in BAHVEST ("Share(s)") ("Bonus Share(s)") on the basis of 1 Bonus Share for every 1 existing Share held on 10 December 2018 ("Bonus Issue")

1st Further Issue Information

Listing Date 11 Dec 2018
Issue Date 10 Dec 2018
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 299,997,878
Enlarge Issue Size in Unit 599,995,756

Initial Listing Information

Listing Date 25 Aug 2017
Issue Date 21 Aug 2017
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 299,997,878
Maturity Mandatory
Maturity Date 20 Aug 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 7.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.8700
Revised Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.4300
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 :
The exercise price of the warrants 2017/ 2024 in BAHVEST ("Warrant(s) ") will be revised from RM0.87 to RM0.43 per Warrant, and an additional 299,997,878 Warrants will be issued pursuant to the adjustment in consequence to the Bonus Issue, and in accordance with the Company's deed poll dated 2 August 2017, constituting the Warrants.

The said adjustment to the exercise price and number of outstanding Warrants shall take effect on 11 December 2018, being the next market day immediately after the entitlement date of 10 December 2018 for the Bonus Issue.

The notice to Warrant holders setting out the details of the adjustments and the notice of allotment of the additional Warrants will be despatched in due course.

This announcement is dated 10 December 2018.

Announcement Info

Date Announced 10 Dec 2018
Category Listing Information and Profile
Reference Number LIP-10122018-00001