DIGISTA-WC

0.015

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Listing Information & Profile

Profile for Securities of PLC

DIGISTAR CORPORATION BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
DIGISTAR CORPORATION BERHAD ("DIGISTAR" OR THE "COMPANY")

FREE DETACHABLE WARRANTS IN DIGISTAR ("WARRANT(S) C") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF 260,384,403 NEW ORDINARY SHARES IN DIGISTAR ("DIGISTAR SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 3 EXISTING DIGISTAR SHARES HELD TOGETHER WITH 260,384,403 WARRANTS C ON THE BASIS OF 1 WARRANT C FOR EVERY 1 RIGHTS SHARE SUBSCRIBED BY THE ENTITLED SHAREHOLDERS, AS AT 5.00 P.M. ON MONDAY, 3 MAY 2021 AT AN ISSUE PRICE OF RM0.05 PER RIGHTS SHARE ("RIGHTS ISSUE WITH FREE WARRANTS")
Listing Date 01 Jun 2021
Issue Date 28 May 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 260,384,403
Maturity Mandatory
Maturity Date 27 May 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)   0.1000
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 C carries the entitlement to subscribe for 1 new Digistar Share at the exercise price of RM0.10 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 C are subject to the adjustments in accordance with the provisions of the deed poll dated 16 April 2021 constituting the Warrants C. Any Warrants C not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.


This announcement is dated 31 May 2021.


Announcement Info

Company Name DIGISTAR CORPORATION BERHAD
Stock Name DIGISTA-WC
Date Announced 31 May 2021
Category Listing Information and Profile
Reference Number LIP-31052021-00001