Full Exercise/Conversion/Redemption of the Securities before expiry/maturity
HIBISCUS PETROLEUM BERHAD |
Instrument Category | Securities of PLC |
Instrument Type | Preference Shares |
Type Of Expiry | Full Exercise/Conversion/Redemption of the Securities before expiry/maturity |
Date & Time of Suspension | 10 Mar 2022 09:00 AM |
Date & Time for Delisting | 28 Mar 2022 09:00 AM |
Remarks : |
In accordance with the terms of the Islamic convertible redeemable preference shares ("CRPS"), as the net proceeds raised from the issuance of first and second tranche of CRPS ("CRPS-T1" and "CRPS-T2" respectively) were fully utilised by Peninsula Hibiscus Sdn Bhd for the acquisition of the entire issued share capital of Fortuna International Petroleum Corporation, Hibiscus Petroleum Berhad ("the Company") will proceed to mandatorily convert all outstanding non-converted CRPS-T2 into new ordinary shares in the Company ("New Shares"). There are no outstanding non-converted CRPS-T1 as they have been fully converted. The mandatory conversion of CRPS-T2 may result in fractional entitlement of New Shares. Such fractional entitlement shall be disregarded and no refund or credit, whether in the form of CRPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement. Please refer to the attachment. |
Please refer attachment below.
Announcement Info
Company Name | HIBISCUS PETROLEUM BERHAD |
Stock Name | HIBISCS-PA |
Date Announced | 24 Feb 2022 |
Category | Expiry/Maturity/Termination of Securities |
Reference Number | EOS-21022022-00002 |