PMBTECH-WA

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Listing Information & Profile

Profile for Securities of PLC

Amended Announcements
Please refer to the earlier announcement reference number: LIP-16072018-00004

PMB TECHNOLOGY BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
PMB TECHNOLOGY BERHAD ("PMBT")

ADJUSTMENT TO WARRANTS 2018/2023 OF PMBT ("WARRANTS 2018/2023") PURSUANT TO THE BONUS ISSUE OF UP TO 1,296,774,800 NEW ORDINARY SHARES IN PMBT ("PMBT SHARES") ("BONUS SHARES"), ON THE BASIS OF 4 BONUS SHARES FOR EVERY 1 EXISTING PMBT SHARE HELD BY THE ENTITLED SHAREHOLDERS AS AT 5.00 P.M. ON 28 APRIL 2022 ("ENTITLEMENT DATE") ("BONUS ISSUE")

1st Further Issue Information

Listing Date 29 Apr 2022
Issue Date 28 Apr 2022
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 67,792,388
Enlarge Issue Size in Unit 84,740,485

Initial Listing Information

Listing Date 18 Jul 2018
Issue Date 13 Jul 2018
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 38,739,900
Maturity Mandatory
Maturity Date 12 Jul 2023
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)   3.0100
Revised Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.6000
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 2018/2023 carries the entitlement to subscribe for 1 new PMBT Share at the revised exercise price of RM0.60 and at any time during the exercise period, subject to the adjustments in accordance with the terms and provisions of the deed poll dated 30 May 2018 constituting the Warrants 2018/2023 ("Deed Poll").

Pursuant to the adjustments of Warrants 2018/2023, (i) the existing number of 16,948,097 Warrants 2018/2023 as at the Entitlement Date will be adjusted to 84,740,485 Warrants 2018/2023, whereby the additional 67,792,388 Warrants 2018/2023 will be listed and quoted together with the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad on 29 April 2022, and (ii) the existing exercise price of Warrants 2018/2023 will be revised from RM3.01 to RM0.60 each ("Warrant 2018/2023 Adjustments"). 

In accordance with the terms and provisions of the Deed Poll, the Warrant 2018/2023 Adjustments will take effect on 29 April 2022, being the next market day following the Entitlement Date. 

The notice to the holders of Warrants 2018/2023 (setting out the details of the Warrant 2018/2023 Adjustments) will be despatched in due course. 

This announcement is dated 28 April 2022.


Announcement Info

Company Name PMB TECHNOLOGY BERHAD
Stock Name PMBTECH-WA
Date Announced 28 Apr 2022
Category Listing Information and Profile
Reference Number LIP-26042022-00002