FINTEC-PA

0.030

(%)

Listing Information & Profile

Profile for Securities of PLC

Amended Announcements
Please refer to the earlier announcement reference number: LIP-08122017-00002

FINTEC GLOBAL BERHAD

Instrument Category Securities of PLC
Instrument Type Preference Shares
Description 
ADJUSTMENT TO THE CONVERSION PRICE OF OUTSTANDING IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN FINTEC GLOBAL BERHAD ("FINTEC" OR THE "COMPANY") ("ICPS") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,971,299,066 NEW ORDINARY SHARES IN FINTEC (''FINTEC SHARES'' OR ''SHARES") (''RIGHTS SHARES'') AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE TOGETHER WITH UP TO 1,577,039,252 FREE DETACHABLE WARRANTS IN FINTEC (''WARRANTS C'') ON THE BASIS OF 5 RIGHTS SHARES TOGETHER WITH 4 FREE WARRANTS C FOR EVERY 5 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 25 NOVEMBER 2020 (''RIGHTS ISSUE WITH WARRANTS'') ("ADJUSTMENT")
Listing Date 11 Dec 2017
Issue Date 05 Dec 2017
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 899,284,472
Maturity Mandatory
Maturity Date 04 Dec 2027
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)   0.1600
Revised Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.1100
Exercise/Conversion Ratio 11:8
Revised Exercise/Conversion Ratio
Mode of satisfaction of Exercise/ Conversion price Tendering of securities
Settlement Type/ Convertible into Physical (Shares)



Remarks : 
Pursuant to the Adjustment, the conversion price of the ICPS will be revised from RM0.16 to RM0.11.

The notice to the holders of ICPS (setting out the details of the Adjustment) was despatched on 9 December 2020.

This announcement is dated 24 December 2020.

Announcement Info

Company Name FINTEC GLOBAL BERHAD
Stock Name FINTEC-PA
Date Announced 24 Dec 2020
Category Listing Information and Profile
Reference Number LIP-23122020-00006


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