JOE-WB

0.005

(%)

Listing Information & Profile

Profile for Securities of PLC

JOE HOLDING BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
FREE DETACHABLE WARRANTS IN JOE HOLDING BERHAD ("JOE") ("WARRANTS B") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,249,237,340 NEW ORDINARY SHARES IN JOE ("JOE SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.05 PER RIGHTS SHARE TOGETHER WITH UP TO 1,349,542,404 FREE DETACHABLE WARRANTS B ON THE BASIS OF 5 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS B FOR EVERY 5 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF JOE AT 5.00 P.M. ON 23 APRIL 2021 ("ENTITLED SHAREHOLDERS")
Listing Date 28 May 2021
Issue Date 21 May 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 917,735,760
Maturity Mandatory
Maturity Date 20 May 2024
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)   0.0500
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 carries the entitlement to subscribe for 1 new Share at the exercise price of RM0.05 at any time during the exercise period (as indicated above) ("Exercise Period"), subject to any adjustments that may be made from time to time in accordance with the provisions of the deed poll constituting the Warrants B dated 8 April 2021. Any Warrant B not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose and shall be cancelled and treated to have been cancelled forthwith.

If the maturity date of the Warrants B falls on a non-market day, then it will fall on the preceding market day.

This announcement is dated 27 May 2021.


Announcement Info

Company Name JOE HOLDING BERHAD
Stock Name JOE-WB
Date Announced 27 May 2021
Category Listing Information and Profile
Reference Number LIP-27052021-00002