SKPRES-WB

0.060

(%)

Listing Information & Profile

Profile for Securities of PLC

SKP RESOURCES BHD

Instrument Category Securities of PLC
Instrument Type Warrants
Description 
Issuance of 249,977,463 free warrants in SKP Resources Bhd ("SKP") ("Warrants B") on the basis of one (1) Warrant B for every five (5) existing ordinary shares in SKP held as at 5.00 p.m. on 22 April 2021
Listing Date 04 May 2021
Issue Date 26 Apr 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 249,977,463
Maturity Mandatory
Maturity Date 25 Apr 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 Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   3.0000
Revised Exercise/Strike/Conversion Price Not Applicable
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 : 
Each Warrant B entitles the registered Warrant B holder to subscribe for one (1) new ordinary share in SKP at any time during the Exercise Period at the exercise price of RM3.00 per Warrant B, subject to adjustments in accordance with the provisions of the deed poll dated 8 April 2021 constituting the Warrants B. Any Warrants B not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.

This announcement is dated 3 May 2021.

Announcement Info

Company Name SKP RESOURCES BHD
Stock Name SKPRES-WB
Date Announced 03 May 2021
Category Listing Information and Profile
Reference Number LIP-03052021-00001


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