RENEUCO-WA

0.055

+0.005 (+10%)

Listing Information & Profile

Profile for Securities of PLC

KPOWER BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
Issuance of up to 150,774,529 warrants in KPower Berhad (formerly known as Kumpulan Powernet Berhad) ("KPower" or the "Company") ("Warrant(s) A") to the existing shareholders of KPower on the basis of 1 Warrant A for every 3 existing ordinary shares held in KPower held as at 5.00 p.m. on 13 January 2021
Listing Date 25 Jan 2021
Issue Date 20 Jan 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 150,774,529
Maturity Mandatory
Maturity Date 19 Jan 2026
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  
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   2.5000
Revised Exercise/Strike/Conversion Price Not Applicable
Exercise/Conversion Ratio 1:1
Revised Exercise/Conversion Ratio
Mode of satisfaction of Exercise/ Conversion price Cash
Settlement Type/ Convertible into Physical (Shares)



Remarks :
Each Warrant A carries the entitlement to subscribe for 1 new KPower Share at the exercise price of RM2.50 and at any time during the exercise period of 5 years as indicated above ("Exercise Period") commencing from and including the issue date and ending at 5.00 p.m. on the expiry date (provided that if such a day is not a market day, then it shall be the market day immediately preceding the said non-market day). The Warrants A are subject to the adjustments in accordance with the provisions of the deed poll dated 28 December 2020 constituting the Warrants A. Any Warrants A not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.


This announcement is dated 22 January 2021.


Announcement Info

Company Name KPOWER BERHAD
Stock Name KPOWER-WA
Date Announced 22 Jan 2021
Category Listing Information and Profile
Reference Number LIP-22012021-00041