HIL-WB

0.200

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Listing Information & Profile

Profile for Securities of PLC

HIL INDUSTRIES BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
Free Warrants issued pursuant to the bonus issue of 55,323,468 new ordinary shares in Hil Industries Berhad ("HIL") ("HIL Share(s)") ("Bonus Share(s)") to be credited as fully paid-up, together with 55,323,468 free detachable warrants ("Warrant(s)"), on the basis of one (1) Bonus Share together with one (1) Warrant for every five (5) existing HIL Shares held as at 5.00 p.m. on 20 October 2017
Listing Date 01 Nov 2017
Issue Date 26 Oct 2017
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 55,323,468
Maturity Mandatory
Maturity Date 25 Oct 2027
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 10.00 � Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR) � 1.0800
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 carries the entitlement to subscribe for one (1) HIL Share at the exercise price of RM1.08 per Warrant at any time during the exercise period of ten (10) years as indicated above ("Exercise Period"). The Warrants are subject to the adjustments in accordance with the provisions of the deed poll dated 9 October 2017 constituting the Warrants. Any Warrants that are not exercised during the Exercise Period will thereafter lapse and cease to be valid.

This announcement is dated 31 October 2017.


Announcement Info

Company Name HIL INDUSTRIES BERHAD
Stock Name HIL-WB
Date Announced 31 Oct 2017
Category Listing Information and Profile
Reference Number LIP-20102017-00001