FAST-WA

0.020

(%)

Listing Information & Profile

Profile for Securities of PLC

Amended Announcements
Please refer to the earlier announcement reference number: LIP-16122021-00004

FAST ENERGY HOLDINGS BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2021/2026 ISSUED BY FAST ENERGY HOLDINGS BERHAD ("FAST ENERGY") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 28 OCTOBER 2021 PURSUANT TO THE CONSOLIDATION OF EVERY 6 ORDINARY SHARES IN FAST ENERGY INTO 1 FAST ENERGY CONSOLIDATED SHARE ("CONSOLIDATED SHARE")

1st Further Issue Information

Listing Date 29 Sep 2022
Issue Date 28 Sep 2022
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 0
Enlarge Issue Size in Unit 14,532,219

Initial Listing Information

Listing Date 17 Dec 2021
Issue Date 14 Dec 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 87,194,496
Maturity Mandatory
Maturity Date 11 Dec 2026
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 Malaysian Ringgit (MYR)   0.9000
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 Share Consolidation, the exercise price of the outstanding Warrants A will be revised from RM0.15 to RM0.90 each while 14,532,219 Consolidated Warrants A will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 29 September 2022 (collectively referred to as the "Adjustments").

Further, in accordance with the provisions of the Deed Poll A, the Adjustments takes effect from 5.00 p.m., 29 September 2022, being the entitlement date for the Share Consolidation.

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

This announcement is dated 28 September 2022.


Announcement Info

Company Name FAST ENERGY HOLDINGS BERHAD
Stock Name FAST-WA
Date Announced 28 Sep 2022
Category Listing Information and Profile
Reference Number LIP-28092022-00001