SENDAI-WA

0.110

-0.01 (-8.3%)

Listing Information & Profile

Profile for Securities of PLC

EVERSENDAI CORPORATION BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
ISSUANCE OF 390,499,496 NEW FREE WARRANTS IN EVERSENDAI CORPORATION BERHAD ("EVERSENDAI") ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN EVERSENDAI HELD BY ENTITLED SHAREHOLDERS AT 5.00 P.M., ON 15 OCTOBER 2020 ("FREE WARRANTS")
Listing Date 23 Oct 2020
Issue Date 19 Oct 2020
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 390,499,496
Maturity Mandatory
Maturity Date 18 Oct 2025
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)   0.3200
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 entitles the registered Warrant holder to subscribe for one new ordinary share in Eversendai at the exercise price of RM0.32 for each Warrant. 

The exercise price of RM0.32 per Warrant will be effective from the date of the issuance of the Warrants ("Issue Date") up to one market day prior to the 3rd anniversary date of the Issue Date ("Anniversary Date"). Subsequently, the exercise price is subject to a step-up of RM0.06 from the 3rd Anniversary Date up to one market day prior to the 4th Anniversary Date. Subsequently, the exercise price is subject to a step-up of RM0.07 from the 4th Anniversary Date up to the maturity date of the Warrants.

The exercise price, at any time during the tenure of the Warrants, is further subject to adjustments in accordance with the provisions of the deed poll dated 30 September 2020 constituting the Warrants ("Deed Poll") in the event of any alteration to the share capital of the Company.

The Warrants can be exercised at any time during the exercise period as indicated above ("Exercise Period") and upon the terms of and subject to the conditions and provisions of the Deed Poll. Any Warrant not exercised during the Exercise Period will thereafter lapse and cease to be valid. 

This announcement is dated 22 October 2020.


Announcement Info

Company Name EVERSENDAI CORPORATION BERHAD
Stock Name SENDAI-WA
Date Announced 22 Oct 2020
Category Listing Information and Profile
Reference Number LIP-20102020-00001