CITAGLB-PA

1.200

(%)

Listing Information & Profile

Profile for Securities of PLC

WZ SATU BERHAD

Instrument Category Securities of PLC
Instrument Type Preference Shares
Description
RENOUNCEABLE RIGHTS ISSUE OF UP TO 643,106,105 IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN WZ SATU BERHAD ("WZ SATU") ("RIGHTS ICPS") AT AN ISSUE PRICE OF RM0.11 PER RIGHTS ICPS ON THE BASIS OF 1 RIGHTS ICPS FOR EVERY 1 EXISTING ORDINARY SHARE IN WZ SATU HELD BY THE ENTITLED SHAREHOLDERS AS AT 5:00 P.M. ON 12 APRIL 2021 TOGETHER WITH UP TO 80,388,263 FREE DETACHABLE WARRANTS ("WARRANTS B") ON THE BASIS OF 1 WARRANT B FOR EVERY 8 RIGHTS ICPS SUBSCRIBED ("RIGHTS ISSUE OF ICPS WITH WARRANTS")
Listing Date 10 May 2021
Issue Date 06 May 2021
Issue/ Ask Price Malaysian Ringgit (MYR)   0.1100
Issue Size Indicator Unit
Issue Size in Unit 511,665,197
Maturity Mandatory
Maturity Date 05 May 2031
Revised Maturity Date
Name of Guarantor Not Applicable
Name of Trustee Not Applicable
Coupon/Profit/Interest/Payment Rate
The Company shall, at its discretion and subject to the availability of distributable profits, pay cumulative preferential dividend rate of 3.0% per annum calculated based on the issue price of RM0.11 per ICPS. The dividend, if declared, shall be payable annually in arrears, subject to the availability of distributable profits.
Coupon/Profit/Interest/Payment Frequency
Annual basis
Redemption Not Applicable
Exercise/Conversion Period 10.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.1100
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 Tendering of securities
Settlement Type/ Convertible into Physical (Shares)



Remarks :
The ICPS may be converted into new WZ Satu Shares on any market day commencing on and including the Issue Date of the ICPS up to and including the Maturity Date. Any remaining ICPS that are not converted into new WZ Satu Shares by the Maturity Date shall be mandatorily converted into new Shares at the Conversion Ratio on the Maturity Date.

If the conversion results in a fractional entitlement to WZ Satu Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of ICPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement.

This announcement is dated 7 May 2021.


Announcement Info

Company Name WZ SATU BERHAD
Stock Name WZSATU-PA
Date Announced 07 May 2021
Category Listing Information and Profile
Reference Number LIP-07052021-00001