LIONIND-WA

0.070

-0.005 (-6.7%)

Listing Information & Profile

Profile for Securities of PLC

LION INDUSTRIES CORPORATION BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
LION INDUSTRIES CORPORATION BERHAD ("LICB" OR THE "COMPANY") 

BONUS ISSUE OF 340,400,517 WARRANTS IN LICB ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN LICB ("SHARES") HELD BY THE ENTITLED SHAREHOLDERS OF LICB AT 5.00 P.M. ON 9 DECEMBER 2022 ("BONUS ISSUE OF WARRANTS")
Listing Date 21 Dec 2022
Issue Date 14 Dec 2022
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 340,400,517
Maturity Mandatory
Maturity Date 12 Dec 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)   0.4300
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 :
The Warrants can be exercised at any time on or after the date of issue of the Warrants up to Expiry Date (both dates inclusive).

Each Warrant entitles the registered holder during the Exercise Period to subscribe for 1 new Share in the share capital of LICB at the Exercise Price, subject to adjustments in accordance with the provisions in the Deed Poll dated 24 November 2022.

Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.

This announcement is dated 20 December 2022.


Announcement Info

Company Name LION INDUSTRIES CORPORATION BERHAD
Stock Name LIONIND-WA
Date Announced 20 Dec 2022
Category Listing Information and Profile
Reference Number LIP-20122022-00001