JAKS-WB

0.005

(%)

Listing Information & Profile

Profile for Securities of PLC

Amended Announcements
Please refer to the earlier announcement reference number: LIP-18122018-00004

JAKS RESOURCES BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2018/2023 IN JAKS RESOURCES BERHAD ("JRB" OR "COMPANY") ("WARRANTS B") IN ACCORDANCE WITH THE DEED POLL DATED 5 NOVEMBER 2018 CONSTITUTING THE WARRANTS B ("DEED POLL") AS A CONSEQUENCE OF THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,292,073,304 NEW ORDINARY SHARES IN JRB ("JRB SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.22 PER RIGHTS SHARE TOGETHER WITH UP TO 646,036,652 FREE DETACHABLE WARRANTS IN JRB ("WARRANTS") ON THE BASIS OF 8 RIGHTS SHARES TOGETHER WITH 4 WARRANTS FOR EVERY 5 EXISTING ORDINARY SHARES IN JRB HELD AS AT 5.00 P.M. ON TUESDAY, 27 OCTOBER 2020 ("ENTITLEMENT DATE") ("RIGHTS ISSUE WITH WARRANTS") ("ADJUSTMENTS")

1st Further Issue Information

Listing Date 26 Nov 2020
Issue Date 19 Nov 2020
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 81,059,808
Enlarge Issue Size in Unit 171,488,238

Initial Listing Information

Listing Date 20 Dec 2018
Issue Date 14 Dec 2018
Issue/ Ask Price Malaysian Ringgit (MYR)   0.2500
Issue Size Indicator Unit
Issue Size in Unit 102,428,430
Maturity Mandatory
Maturity Date 13 Dec 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)   0.6400
Revised Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.3400
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 :
Pursuant to the Adjustments, (i) an additional 81,059,808 Warrants B have been allotted and issued on 19 November 2020 to the entitled Warrants B holders whose names appear on the Record of Depositors of Warrants B at 5.00 p.m. on 27 October 2020; and (ii) the existing exercise price of the Warrants B will be revised from RM0.64 to RM0.34. The additional Warrants B will be listed and quoted on the Main Market of Bursa Securities on 26 November 2020.

Further, in accordance with the provisions of the Deed Poll, the Adjustments took effect on 28 October 2020, being the next market day immediately following the Entitlement Date. 

The notice to the holders of the Warrants B setting out the details of the Adjustments has been despatched to the holders of the Warrants B on 25 November 2020. 

This announcement is dated 25 November 2020.


Announcement Info

Company Name JAKS RESOURCES BERHAD
Stock Name JAKS-WB
Date Announced 25 Nov 2020
Category Listing Information and Profile
Reference Number LIP-25112020-00002