SERSOL-WA

0.055

-0.01 (-15.4%)

Listing Information & Profile

Profile for Securities of PLC

Amended Announcements
Please refer to the earlier announcement reference number: OS-130424-56467

SERSOL BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2013/2023 IN SERSOL BERHAD ("SERSOL" OR THE "COMPANY") ("ADJUSTMENTS") CONSTITUTED BY THE DEED POLL DATED 15 MARCH 2013 ("DEED POLL") ("WARRANT(S) A") PURSUANT TO THE BONUS ISSUE OF 253,377,384 NEW ORDINARY SHARES IN SERSOL ("SERSOL SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 7 BONUS SHARES FOR EVERY 8 EXISTING SERSOL SHARES HELD AT 5.00 P.M. ON 4 JULY 2022 ("ENTITLEMENT DATE") ("BONUS ISSUE OF SHARES")

1st Further Issue Information

Listing Date 05 Jul 2022
Issue Date 04 Jul 2022
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 73,740,323
Enlarge Issue Size in Unit 158,015,023

Initial Listing Information

Listing Date 29 Apr 2013
Issue Date 19 Apr 2013
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 96,351,000
Maturity Mandatory
Maturity Date 18 Apr 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 10.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.1800
Revised Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.1000
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 :
Pursuant to the Adjustments arising from the Bonus Issue of Shares,

(i)	the existing number of 84,274,700 Warrants A as at the Entitlement Date will be adjusted into 158,015,023 Warrants A, whereby the 73,740,323 additional Warrants A ("Additional Warrants A") will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 5 July 2022, being the next market day following the Entitlement Date; and

(ii)	the exercise price of Warrants A will be revised from RM0.18 each to RM0.10 each. 

In accordance with the provisions of the Deed Poll, the Adjustments shall take effect from 5 July 2022, being the next market day following the Entitlement Date.

The notice to the holders of Warrants A setting out the details of the Adjustments will be despatched in due course.

This announcement is dated 4 July 2022.


Announcement Info

Company Name SERSOL BERHAD
Stock Name SERSOL-WA
Date Announced 04 Jul 2022
Category Listing Information and Profile
Reference Number LIP-04072022-00001