FAST-WA

0.020

-0.005 (-20%)

Listing Information & Profile

Profile for Securities of PLC

FAST ENERGY HOLDINGS BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
Free detachable warrants 2021/ 2026 in Fast Energy Holdings Berhad ("Fast Energy") ("Warrant(s) A") issued pursuant to the renounceable rights issue of up to 909,204,618 new ordinary shares in Fast Energy ("Fast Energy Share(s)") ("Rights Share(s)") on the basis of 2 Rights Shares for every 1 existing Fast Energy Share held, together with 454,602,309 Warrants A on the basis of 1 Warrant A for every 2 Rights Shares subscribed for, as at 5.00 p.m. on Thursday, 18 November 2021 at an issue price of RM0.12 per Rights Share ("Rights Issue with Warrants")
Listing Date 17 Dec 2021
Issue Date 14 Dec 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 87,194,496
Maturity Mandatory
Maturity Date 11 Dec 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)   0.1500
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 A carries the entitlement to subscribe for 1 new Fast Energy Share at the exercise price of RM0.15 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 A are subject to the adjustments in accordance with the provisions of the deed poll dated 28 October 2021 constituting the Warrants A. Any Warrants A not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.

This announcement is dated 16 December 2021.


Announcement Info

Company Name FAST ENERGY HOLDINGS BERHAD
Stock Name FAST-WA
Date Announced 16 Dec 2021
Category Listing Information and Profile
Reference Number LIP-16122021-00004