Listing Information & Profile

Profile for Securities of PLC


Instrument Category Securities of PLC
Instrument Type Warrants
Free detachable Warrants 2018/2023 issued pursuant to the Rights Issue with Warrants
Listing Date 11 Jul 2018
Issue Date 04 Jul 2018
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 114,391,200
Maturity Mandatory
Maturity Date 03 Jul 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)   1.0000
Revised Exercise/Strike/Conversion Price  
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 Warrants (as defined herein) are issued for free to the subscribers of the renounceable rights issue of 114,391,200 new ordinary shares in Pasdec Holdings Berhad ("Pasdec") ("Rights Share(s)") on the basis of two (2) Rights Shares for every five (5) existing ordinary shares on Pasdec ("Pasdec Share(s)") held as at 5.00 p.m. on Wednesday, 16 May 2018, together with 114,391,200 free detachable new warrants 2018/2023 ("Warrant(s)") on the basis of one (1) Warrant for every one (1) Rights Share subscribed, at an issue price of RM0.35 per Rights Share ("Rights Issue with Warrants").

Each Warrant carries the entitlement to subscribe for one (1) new Pasdec Share at the exercise price of RM1.00 each, exercisable 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 23 March 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 10 July 2018.

Announcement Info

Stock Name PASDEC-WA
Date Announced 10 Jul 2018
Category Listing Information and Profile
Reference Number LIP-10072018-00011