LAMBO-WB

0.005

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Listing Information & Profile

Profile for Securities of PLC

Amended Announcements
Please refer to the earlier announcement reference number: LIP-26072021-00002

LAMBO GROUP BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2019 / 2024 OF LAMBO GROUP BERHAD ("LAMBO" OR THE "COMPANY") ("WARRANTS B") AS SPECIFIED IN THE DEED POLL DATED 15 APRIL 2019 ("DEED POLL B") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,207,787,815 NEW ORDINARY SHARES IN LAMBO ("LAMBO SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE TOGETHER WITH UP TO 483,115,126 FREE DETACHABLE WARRANTS IN LAMBO ("WARRANTS C") ON THE BASIS OF 5 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 12 AUGUST 2021 ("ENTITLEMENT DATE") ("RIGHTS ISSUE WITH WARRANTS") ("ADJUSTMENTS")

1st Further Issue Information

Listing Date 27 Jul 2021
Issue Date 26 Jul 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 0
Enlarge Issue Size in Unit 42,042,350

2nd Further Issue Information

Listing Date 13 Sep 2021
Issue Date 16 Aug 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 52,552,670
Enlarge Issue Size in Unit 94,595,020

Initial Listing Information

Listing Date 07 May 2019
Issue Date 30 Apr 2019
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 1,051,058,992
Maturity Mandatory
Maturity Date 29 Apr 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 5.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   4.0000
Revised Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   1.6700
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 :
In accordance with the provisions of the Deed Poll B, the Adjustments shall take effect from 13 August 2021, being the next market day following the Entitlement Date.

Pursuant to the Rights Issue of Warrants, the exercise price of the Warrants B will be revised from RM4.00 to RM1.67 each and an additional 52,552,670 Warrants B will be allotted and issued on 16 August 2021 to the entitled warrant holders whose names appear on the Record of Depositors of the Company at 5.00pm on 12 August 2021. The additional Warrants B were issued based on the entitlement ratio of 1.2500 : 1.0000 (additional Warrants B : number of outstanding Warrants B held as at the Entitlement Date) and after disregarding fractional entitlements.

However, the additional Warrants B will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 13 September 2021 simultaneously with the Rights Shares and Warrants C. Furthermore, any new Shares to be issued pursuant to the exercise of the additional Warrants B will only be allotted and issued on or after the additional Warrants B are listed and quoted on the ACE Market of Bursa Securities on 13 September 2021.

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

This announcement is dated 13 August 2021.


Announcement Info

Company Name LAMBO GROUP BERHAD
Stock Name LAMBO-WB
Date Announced 13 Aug 2021
Category Listing Information and Profile
Reference Number LIP-13082021-00001