YONGTAI-PA

0.050

(%)

Listing Information & Profile

Profile for Securities of PLC

Amended Announcements
Please refer to the earlier announcement reference number: LIP-30112016-00009

YONG TAI BERHAD

Instrument Category Securities of PLC
Instrument Type Preference Shares
Description 
ADJUSTMENTS TO THE CONVERSION PRICE  AND CONVERSION RATIO OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN YONG TAI BERHAD ("YTB" OR "COMPANY") ("ICPS")  PURSUANT TO THE CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN YTB ("YTB SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 1 AUGUST 2022 ("ENTITLEMENT DATE") INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") ("ADJUSTMENTS")
Listing Date 01 Dec 2016
Issue Date 28 Nov 2016
Issue/ Ask Price Malaysian Ringgit (MYR)   0.8000
Issue Size Indicator Unit
Issue Size in Unit 216,034,494
Maturity Mandatory
Maturity Date 27 Nov 2026
Revised Maturity Date
Name of Guarantor Not Applicable
Name of Trustee Not Applicable
Coupon/Profit/Interest/Payment Rate 
The Company shall have the sole discretion to decide whether to declare any non-cumulative dividend and the quantum of such dividend, provided always that if dividends are declared to its ordinary shareholders, then dividends in respect of the ICPS shall be paid to the ICPS holders in preference.
Coupon/Profit/Interest/Payment Frequency Not Applicable
Redemption Not Applicable
Exercise/Conversion Period 7.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.8000
Revised Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   4.0000
Exercise/Conversion Ratio 1:1
Revised Exercise/Conversion Ratio 5:1
Mode of satisfaction of Exercise/ Conversion price Tendering of securities
Settlement Type/ Convertible into Physical (Shares)



Remarks : 
Pursuant to the Adjustments to the conversion price of the ICPS and conversion ratio of the ICPS,

(i) the conversion price of ICPS will be adjusted from existing conversion price of RM0.80 each to RM4.00 each; and

(ii) the conversion ratio of ICPS will be adjusted from existing conversion ratio of 1 ICPS for 1 new Share to 5 ICPS for 1 new Share. 

The adjustment will be effective on 2 August 2022, being the next market day following the Entitlement Date.

The notice setting out the details of the Adjustments will be issued and despatched to the ICPS Holders in due course.

This announcement is dated 1 August 2022.

Announcement Info

Company Name YONG TAI BERHAD
Stock Name YONGTAI-PA
Date Announced 01 Aug 2022
Category Listing Information and Profile
Reference Number LIP-29072022-00001


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