FINTEC-WB

0.005

(%)

Listing Information & Profile

Profile for Securities of PLC

Amended Announcements
Please refer to the earlier announcement reference number: LIP-08122017-00001

FINTEC GLOBAL BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2017 / 2022 IN FINTEC GLOBAL BERHAD ("FINTEC" OR THE "COMPANY") ("WARRANTS B") AS SPECIFIED IN THE DEED POLL DATED 17 OCTOBER 2017 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'') ("ADJUSTMENTS")

1st Further Issue Information

Listing Date 28 Dec 2020
Issue Date 21 Dec 2020
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 26,560,220
Enlarge Issue Size in Unit 116,488,561

Initial Listing Information

Listing Date 11 Dec 2017
Issue Date 05 Dec 2017
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 89,928,341
Maturity Mandatory
Maturity Date 04 Dec 2022
Revised Maturity Date
Name of Guarantor
Name of Trustee
Coupon/Profit/Interest/Payment Rate
Coupon/Profit/Interest/Payment Frequency
Redemption
Exercise/Conversion Period 5.00   Year(s)
Revised Exercise/Conversion Period  
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.1500
Revised Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.1000
Exercise/Conversion Ratio 1:1
Revised Exercise/Conversion Ratio
Mode of satisfaction of Exercise/ Conversion price Cash
Settlement Type/ Convertible into Physical (Shares)



Remarks :
Pursuant to the Adjustments, (i) the existing number of 89,883,208 Warrants B will be adjusted into 116,443,428 Warrants B, whereby the additional 26,560,220 Warrants B will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 28 December 2020; and (ii) the exercise price of the Warrants B will be revised from RM0.15 to RM0.10.

Further, in accordance with the provisions of the deed poll dated 17 October 2017, the Adjustments took effect on 26 November 2020, being the next market day following the Entitlement Date.

The notice to the holders of Warrants B (setting out the details of the Adjustments) was despatched on 9 December 2020.

This announcement is dated 24 December 2020.


Announcement Info

Company Name FINTEC GLOBAL BERHAD
Stock Name FINTEC-WB
Date Announced 24 Dec 2020
Category Listing Information and Profile
Reference Number LIP-23122020-00005