XOX-PA

0.015

+0.005 (+50%)

Listing Information & Profile

Profile for Securities of PLC

XOX BHD

Instrument Category Securities of PLC
Instrument Type Preference Shares
Description
NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN XOX BHD ("XOX") ("ICPS") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,651,255,354 NEW ICPS AT AN ISSUE PRICE OF RM0.025 PER ICPS TOGETHER WITH UP TO 662,813,838 FREE DETACHABLE WARRANTS IN XOX ("WARRANTS B") ON THE BASIS OF 4 ICPS TOGETHER WITH 1 FREE WARRANT B FOR EVERY 2 EXISTING ORDINARY SHARES IN XOX HELD BY THE ENTITLED SHAREHOLDERS OF XOX AT 5.00 P.M. ON 12 FEBRUARY 2020 ("ENTITLED SHAREHOLDERS")

1st Further Issue Information

Listing Date 12 Mar 2020
Issue Date 06 Mar 2020
Issue/ Ask Price Malaysian Ringgit (MYR)   0.0250
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 0
Enlarge Issue Size in Unit 1,061,027,506

Initial Listing Information

Listing Date 12 Mar 2020
Issue Date 06 Mar 2020
Issue/ Ask Price Malaysian Ringgit (MYR)   0.0250
Issue Size Indicator Unit
Issue Size in Unit 1,061,027,506
Maturity Mandatory
Maturity Date 05 Mar 2030
Revised Maturity Date
Name of Guarantor
Name of Trustee
Coupon/Profit/Interest/Payment Rate
Coupon/Profit/Interest/Payment Frequency
Redemption
Exercise/Conversion Period 10.00   Year(s)
Revised Exercise/Conversion Period  
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.0500
Revised Exercise/Strike/Conversion Price  
Exercise/Conversion Ratio 2:1
Revised Exercise/Conversion Ratio
Mode of satisfaction of Exercise/ Conversion price Tendering of securities
Settlement Type/ Convertible into Physical (Shares)



Remarks :
The ICPS may be converted into new fully-paid ordinary shares in XOX ("XOX Shares" or "Shares") at the conversion price of RM0.05 (Conversion Price) in the following manner:-

(i)	by surrendering 2 ICPS (which are issued at an issue price of RM0.025 each) without additional cash payment for 1 new Share; or

(ii)	by surrendering 1 ICPS (which is issued at an issue price of RM0.025 each) with additional cash payment of RM0.025 for 1 new Share.

Premised on the terms of the ICPS and subject to adjustments, the ICPS may be converted into new XOX Shares on any market day commencing on and including the issue date of the ICPS up to and including the maturity date of the ICPS. Any remaining ICPS that are not converted by the maturity date shall be mandatorily converted into new XOX Shares at the conversion ratio of 2 ICPS for every 1 new XOX Share.

If the conversion results in a fractional entitlement to XOX Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of the ICPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement.

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

This announcement is dated 11 March 2020.


Announcement Info

Company Name XOX BHD
Stock Name XOX-PA
Date Announced 11 Mar 2020
Category Listing Information and Profile
Reference Number LIP-10032020-00002