HSI-HEC

0.645

-0.115 (-15.1%)

STRUCTURED WARRANTS ANNOUNCEMENT : FURTHER OFFERING

HSI-HEC: PW HANG SENG INDEX (KIBB)

Type Announcement
Subject STRUCTURED WARRANTS ANNOUNCEMENT
FURTHER OFFERING
Description
KENANGA INVESTMENT BANK BERHAD ("KIBB")

PROPOSED FURTHER ISSUE OF UP TO 50,000,000 EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED PUT WARRANTS OVER THE HANG SENG INDEX ("HSI") ("HSI-HEC")

Reference is made to our announcements dated 24 February 2022 in relation to the offering of 35,000,000 European-style non-collateralised cash-settled put warrants over the Hang Seng Index (“Existing Issue”) and 10 May 2022 in relation to the proposed further issue of up to 50,000,000 European-style non-collateralised cash-settled put warrants over the Hang Seng Index (“Further Issue”).

 

The purpose of the Further Issue is to facilitate the market making process of the Existing Issue. The Further Issue will form part of the Existing Issue and the terms and conditions of the Further Issue will be identical with the Existing Issue.

 

The HSI-HEC is constituted by the Deed Poll dated 19 May 2021 executed by us, as supplemented from time to time. The HSI-HEC is subject to terms and conditions of the Base Prospectus dated 21 May 2021, the First Supplementary Base Prospectus dated 3 September 2021, the Second Supplementary Base Prospectus dated 14 February 2022, the Existing Issue Term Sheet dated 24 February 2022 and the Further Issue Term Sheet dated 18 May 2022.

 

The HSI-HEC will be listed on the Structured Warrants Board of Malaysia Securities Berhad and issued by KIBB under the Base Prospectus dated 21 May 2021, the First Supplementary Base Prospectus dated 3 September 2021 and the Second Supplementary Base Prospectus dated 14 February 2022.

 

A summary of principal terms of the HSI-HEC is set out in Table 1.

 

This announcement is dated 18 May 2022.




Please refer attachment below.

Attachments

Table 1 - HSI-HEC.pdf
59.3 kB



Announcement Info

Company Name HSI-HEC: PW HANG SENG INDEX (KIBB)
Stock Name HSI-HEC
Date Announced 18 May 2022
Category General Announcement for PLC
Reference Number GA1-13052022-00034