SANICHI-WE

0.005

(%)

Listing Information & Profile

Profile for Securities of PLC

Amended Announcements
Please refer to the earlier announcement reference number: LIP-18122018-00003

SANICHI TECHNOLOGY BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2018/2021 OF SANICHI TECHNOLOGY BERHAD ("SANICHI" OR THE "COMPANY") ("WARRANTS E") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 2 NOVEMBER 2018 CONSTITUTING THE WARRANTS E ("DEED POLL E") PURSUANT TO THE CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN SANICHI ("SANICHI SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 5 APRIL 2021 ("ENTITLEMENT DATE") INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") ("ADJUSTMENTS")

1st Further Issue Information

Listing Date 06 Apr 2021
Issue Date 05 Apr 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 0
Enlarge Issue Size in Unit 36,932,791

Initial Listing Information

Listing Date 20 Dec 2018
Issue Date 14 Dec 2018
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 369,329,241
Maturity Mandatory
Maturity Date 13 Dec 2021
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)   0.1000
Revised Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   1.0000
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) the existing number of 369,329,241 Warrants E as at the Entitlement Date will be adjusted into 36,932,791 Warrants E (after disregarding the fractional entitlements arising from the Adjustments) which will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 6 April 2021; and (ii) the existing exercise price of Warrants E will be revised from RM0.10 to RM1.00 each.

Further, in accordance with the provisions of the Deed Poll E, the Adjustments will take effect on 6 April 2021, being the next market day following the Entitlement Date.

The notice to the holders of Warrants E (setting out the details of the Adjustments) will be despatched in due course.

This announcement is dated 5 April 2021.


Announcement Info

Company Name SANICHI TECHNOLOGY BERHAD
Stock Name SANICHI-WE
Date Announced 05 Apr 2021
Category Listing Information and Profile
Reference Number LIP-05042021-00020