ESCERAM-WB

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Listing Information & Profile

Profile for Securities of PLC

ES CERAMICS TECHNOLOGY BHD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
BONUS ISSUE OF UP TO 236,565,097 NEW ES CERAMICS SHARES ("BONUS SHARES") TOGETHER WITH UP TO 236,565,097 FREE DETACHABLE ES CERAMICS WARRANTS ("WARRANTS"), ON THE BASIS OF 1 BONUS SHARE TOGETHER WITH 1 WARRANT FOR EVERY 1 EXISTING ES CERAMICS SHARE HELD AS AT 5.00 P.M. ON 15 OCTOBER 2020 ("BONUS ISSUE OF SHARES WITH FREE WARRANTS")
Listing Date 26 Oct 2020
Issue Date 20 Oct 2020
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 224,978,097
Maturity Mandatory
Maturity Date 19 Oct 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 3.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.2000
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 ES Ceramics Share at the exercise price (as set out above) and at any time during the exercise period (as set out above) ("Exercise Period") subject to the adjustments in accordance with the provisions of the deed poll dated 1 October 2020 constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid.

This announcement is dated 23 October 2020.


Announcement Info

Company Name ES CERAMICS TECHNOLOGY BHD
Stock Name ESCERAM-WB
Date Announced 23 Oct 2020
Category Listing Information and Profile
Reference Number LIP-20102020-00002