SINARAN-WB

0.015

(%)

Listing Information & Profile

Profile for Securities of PLC

SINARAN ADVANCE GROUP BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description 
BONUS ISSUE OF 457,480,739 WARRANTS OF SINARAN ADVANCE GROUP BERHAD ("SAG") ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 SAG SHARES HELD
Listing Date 25 Apr 2022
Issue Date 07 Apr 2022
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 457,480,739
Maturity Mandatory
Maturity Date 06 Apr 2027
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)   0.1200
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 carries the entitlement to subscribe for 1 new SAG Share at any time during the exercise period as indicated above ("Exercise Period") at the exercise price of RM0.12, subject to the adjustments in accordance with the provisions of the deed poll constituting the Warrants dated 21 March 2022. Any Warrants which are not exercised during the Exercise Period will thereafter lapse and cease to be valid and shall be cancelled and treated to have been cancelled forthwith. 

This announcement is dated 22 April 2022.

Announcement Info

Company Name SINARAN ADVANCE GROUP BERHAD
Stock Name SINARAN-WB
Date Announced 22 Apr 2022
Category Listing Information and Profile
Reference Number LIP-22042022-00001


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