CAPITALA-LA

0.870

-0.01 (-1.1%)

Listing Information & Profile

Profile for Securities of PLC

AIRASIA GROUP BERHAD

Instrument Category Securities of PLC
Instrument Type Loan Stocks
Description
RENOUNCEABLE RIGHTS ISSUE OF RM974,513,219.25 IN NOMINAL VALUE OF 7-YEAR REDEEMABLE CONVERTIBLE UNSECURED ISLAMIC DEBT SECURITIES ("RCUIDS") AT NOMINAL VALUE OF RM0.75 EACH BASED ON THE SHARIAH PRINCIPLE OF MURABAHAH (VIA TAWARRUQ ARRANGEMENT) COMPRISING 1,299,350,959 RCUIDS TOGETHER WITH 649,675,479 FREE DETACHABLE WARRANTS ("WARRANTS"), ON THE BASIS OF 2 RCUIDS WITH 1 WARRANT FOR EVERY 6 ORDINARY SHARES IN AIRASIA GROUP BERHAD ("AAGB") ("AAGB SHARES") HELD BY THE ENTITLED SHAREHOLDERS AT 5.00 P.M. ON 2 DECEMBER 2021 ("RIGHTS ISSUE")
Listing Date 31 Dec 2021
Issue Date 29 Dec 2021
Issue/ Ask Price Malaysian Ringgit (MYR)   0.7500
Issue Size Indicator Currency
Issue Size in Currency Malaysian Ringgit (MYR)   974,513,219.2500
Maturity Mandatory
Maturity Date 29 Dec 2028
Revised Maturity Date
Name of Guarantor Not Applicable
Name of Trustee Malaysian Trustees Berhad
Coupon/Profit/Interest/Payment Rate
Fixed rate of 8.0% per annum, computed based on the nominal value of the outstanding RCUIDS
Coupon/Profit/Interest/Payment Frequency
Payable quarterly in arrears, with the first profit payment commencing three (3) months from the Issue Date
Redemption
Unless previously converted or redeemed (subject to the terms and conditions of the RCUIDS), AAGB shall redeem the RCUIDS in accordance with the redemption schedule as outlined in Appendix I of the abridged prospectus dated 2 December 2021 in relation to the Rights Issue ("Abridged Prospectus") ("Redemption Schedule"). All redemption shall be in the same proportion in relation to each holder of the RCUIDS and shall be made in direct order of the Redemption Schedule.

For further information on the annual redemption amount and redemption amount per RCUIDS unit, please refer to Appendix I of the Abridged Prospectus.

For the avoidance of doubt, the holders of the RCUIDS shall have no right to otherwise demand for the early redemption of the outstanding RCUIDS by AAGB.

The redemption rate is 100% of the nominal value of the RCUIDS.
Exercise/Conversion Period 7.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.7500
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 Tendering of securities
Settlement Type/ Convertible into Physical (Shares)



Remarks :
The RCUIDS may be converted into new AAGB Shares at the Conversion Price during the period commencing at any time on and after the Issue Date up to 5.00 p.m. on the 8th market day prior to the Maturity Date (both dates inclusive).

The RCUIDS are convertible into new AAGB Shares by surrendering for cancellation a corresponding nominal value of the RCUIDS to the Conversion Price for every 1 new AAGB Share at any time during the Conversion Period. Any fraction remaining held by the holders of the RCUIDS resulting from such conversion will be disregarded and AAGB shall not be required to pay the value of such fraction to the holders of the RCUIDS.

This announcement is dated 30 December 2021.


Announcement Info

Company Name AIRASIA GROUP BERHAD
Stock Name AIRASIA-LA
Date Announced 30 Dec 2021
Category Listing Information and Profile
Reference Number LIP-29122021-00001