FINTEC-WB

0.005

(%)

Listing Information & Profile

Profile for Securities of PLC

ASIA BIOENERGY TECHNOLOGIES BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
ISSUANCE OF 89,928,341 FREE DETACHABLE WARRANTS IN FINTEC GLOBAL BERHAD (FORMERLY KNOWN AS ASIA BIOENERGY TECHNOLOGIES BERHAD) ("FINTEC") ("WARRANTS B") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,163,208,800 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN FINTEC ("ICPS") AT AN ISSUE PRICE OF RM0.08 PER ICPS TOGETHER WITH UP TO 116,320,880 FREE DETACHABLE WARRANTS B ON THE BASIS OF 10 ICPS TOGETHER WITH 1 FREE WARRANT B FOR EVERY 5 EXISTING ORDINARY SHARES HELD BY THE ENTITLED SHAREHOLDERS OF FINTEC AT 5.00 P.M. ON 2 NOVEMBER 2017
Listing Date 11 Dec 2017
Issue Date 05 Dec 2017
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 89,928,341
Maturity Mandatory
Maturity Date 04 Dec 2022
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)   0.1500
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 B carries the entitlement to subscribe for 1 new Fintec Share at the exercise price of RM0.15 at any time during the exercise period (as indicated above) ("Exercise Period"), subject to any adjustments that may be made from time to time in accordance with the provisions of the deed poll constituting the Warrants B dated 17 October 2017. Any Warrant B not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose and shall be cancelled and treated to have been cancelled forthwith.

If the maturity date of the Warrants B falls on a non-market day, then it will fall on the preceding market day.

This announcement is dated 8 December 2017.


Announcement Info

Company Name ASIA BIOENERGY TECHNOLOGIES BERHAD
Stock Name ASIABIO-WB
Date Announced 08 Dec 2017
Category Listing Information and Profile
Reference Number LIP-08122017-00001