PNEPCB-WA

0.010

(%)

Listing Information & Profile

Profile for Securities of PLC

PNE PCB BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
BONUS ISSUE OF 65,748,500 NEW WARRANTS IN PNE PCB BERHAD ("PNE" OR THE "COMPANY") ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN PNE ("PNE SHARES" OR "SHARES") HELD BY THE ENTITLED SHAREHOLDERS OF PNE AT 5.00 P.M. ON 12 DECEMBER 2019
Listing Date 23 Dec 2019
Issue Date 17 Dec 2019
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 65,748,500
Maturity Mandatory
Maturity Date 16 Dec 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 5.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.3800
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 PNE Share at the exercise price of RM0.38 at any time during the exercise period (as indicated above) ("Exercise Period"), subject to any adjustments that may be made from time to time in accordance with the provisions of the deed poll constituting the Warrants dated 6 December 2019. Any Warrant not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose and shall be cancelled and treated to have been cancelled forthwith.

If the maturity date of the Warrants falls on a non-market day, then it will fall on the preceding market day.

This announcement is dated 20 December 2019.


Announcement Info

Company Name PNE PCB BERHAD
Stock Name PNEPCB-WA
Date Announced 20 Dec 2019
Category Listing Information and Profile
Reference Number LIP-19122019-00001