TANCO-WC

0.530

-0.01 (-1.9%)

Listing Information & Profile

Profile for Securities of PLC

TANCO HOLDINGS BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
BONUS ISSUE OF 883,303,290 FREE WARRANTS IN TANCO HOLDINGS BERHAD ("TANCO" OR THE "COMPANY") ("WARRANTS C") ON THE BASIS OF 1 WARRANT C FOR EVERY 2 EXISTING ORDINARY SHARES IN TANCO ("TANCO SHARES" OR "SHARES") HELD BY ENTITLED SHAREHOLDERS OF TANCO AT 5.00 P.M. ON 24 AUGUST 2022 ("BONUS ISSUE OF WARRANTS")
Listing Date 05 Sep 2022
Issue Date 26 Aug 2022
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 883,303,290
Maturity Mandatory
Maturity Date 25 Aug 2025
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 3.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.3100
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 C carries the entitlement to subscribe for 1 new Share at the exercise price of RM0.31 at any time during the period commencing on and including 26 August 2022 (being the date of issuance of the Warrants C) and ending on the close of business at 5.00 p.m. on 25 August 2025 (being the expiry of the tenure of the Warrants C) ("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 C dated 18 August 2022. Any Warrant C 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 C falls on a non-market day, then it will fall on the preceding market day.

This announcement is dated 2 September 2022.


Announcement Info

Company Name TANCO HOLDINGS BERHAD
Stock Name TANCO-WC
Date Announced 02 Sep 2022
Category Listing Information and Profile
Reference Number LIP-02092022-00001