MNC-WB

0.005

(%)

Listing Information & Profile

Profile for Securities of PLC

M N C WIRELESS BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
FREE DETACHABLE WARRANTS IN M N C WIRELESS BERHAD ("MNC") ("WARRANTS B") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 3,769,226,735 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN MNC ("ICPS") AT AN ISSUE PRICE OF RM0.03 PER ICPS TOGETHER WITH UP TO 75,384,534 FREE DETACHABLE WARRANTS B ON THE BASIS OF 50 ICPS TOGETHER WITH 1 FREE WARRANT B FOR EVERY 10 EXISTING ORDINARY SHARES IN MNC HELD BY THE ENTITLED SHAREHOLDERS OF MNC AT 5.00 P.M. ON 7 AUGUST 2019 ("ENTITLED SHAREHOLDERS")
Listing Date 13 Sep 2019
Issue Date 06 Sep 2019
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 29,959,264
Maturity Mandatory
Maturity Date 05 Sep 2024
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)   0.0600
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 ordinary share in MNC at the exercise price of RM0.06 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 18 July 2019. 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 12 September 2019.


Announcement Info

Company Name M N C WIRELESS BERHAD
Stock Name MNC-WB
Date Announced 12 Sep 2019
Category Listing Information and Profile
Reference Number LIP-12092019-00002