PERMAJU-WA

0.025

(%)

Listing Information & Profile

Profile for Securities of PLC

Amended Announcements
Please refer to the earlier announcement reference number: LIP-19082020-00003

PERMAJU INDUSTRIES BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2020/2025 OF PERMAJU INDUSTRIES BERHAD ("PERMAJU" OR THE "COMPANY") ("WARRANTS") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 18 JUNE 2020 CONSTITUTING THE WARRANTS ("DEED POLL") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,055,337,076 NEW ORDINARY SHARES IN THE COMPANY ("PERMAJU SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.07 PER RIGHTS SHARE ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 5 NOVEMBER 2021 ("ENTITLEMENT DATE") ("RIGHTS ISSUE") ("ADJUSTMENTS")

1st Further Issue Information

Listing Date 08 Nov 2021
Issue Date 08 Nov 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 0
Enlarge Issue Size in Unit 93,535,984

Initial Listing Information

Listing Date 21 Aug 2020
Issue Date 14 Aug 2020
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 93,630,984
Maturity Mandatory
Maturity Date 13 Aug 2025
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)   0.2500
Revised Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.2300
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 :
Pursuant to the Adjustments, the exercise price of the Warrants will be revised from RM0.25 per Permaju Share to RM0.23 per Permaju Share.

However, the existing number of 93,535,984 Warrants will not be adjusted to ensure compliance with Paragraph 6.50 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Listing Requirements"). Paragraph 6.50 of the Listing Requirements states that a listed issuer must ensure that the number of new shares which will arise from the exercise or conversion of all outstanding convertible equity securities (i.e. warrants and convertible preference shares) does not exceed 50% of the total number of issued shares of the listed issuer (excluding treasury shares and before the exercise of the convertible equity securities) at all times. Please refer to Section 6.5 of the circular to shareholders dated 6 October 2021 for further details.

In accordance with the Deed Poll, the Adjustments shall take effect on 8 November 2021, being the next market day immediately after the Entitlement Date.

The notice to the holders of Warrants in relation to the Adjustments will be despatched in due course.

This announcement is dated 8 November 2021.


Announcement Info

Company Name PERMAJU INDUSTRIES BERHAD
Stock Name PERMAJU-WA
Date Announced 08 Nov 2021
Category Listing Information and Profile
Reference Number LIP-08112021-00003