MERIDIAN-WC

0.005

-0.005 (-50%)

Listing Information & Profile

Profile for Securities of PLC

Amended Announcements
Please refer to the earlier announcement reference number: MI-140902-39370

MERIDIAN BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
MERIDIAN BERHAD ("MERIDIAN" OR THE "COMPANY")

ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2014/2024 IN MERIDIAN ("WARRANTS C") AS CONSTITUTED BY THE DEED POLL DATED 7 AUGUST 2014 ("DEED POLL C"), PURSUANT TO THE SHARES CONSOLIDATION OF EVERY 4 EXISTING ORDINARY SHARES IN MERIDIAN ("MERIDIAN SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 21 FEBRUARY 2023 ("SHARE CONSOLIDATION ENTITLEMENT DATE") INTO 1 CONSOLIDATED MERIDIAN SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") ("ADJUSTMENTS")

1st Further Issue Information

Listing Date 22 Feb 2023
Issue Date 21 Feb 2023
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 0
Enlarge Issue Size in Unit 12,105,271

Initial Listing Information

Listing Date 03 Sep 2014
Issue Date 25 Aug 2014
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 48,421,408
Maturity Mandatory
Maturity Date 24 Aug 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 10.00   Year(s)
Revised Exercise/Conversion Period  
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.8000
Revised Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   3.2000
Exercise/Conversion Ratio 1:1
Revised Exercise/Conversion Ratio
Mode of satisfaction of Exercise/ Conversion price Cash
Settlement Type/ Convertible into Physical (Shares)



Remarks :
Pursuant to the Adjustments, the existing 48,421,408 outstanding Warrants C as at the Share Consolidation Entitlement Date will be consolidated into 12,105,271 Warrants C (after disregarding the fractional entitlements arising from the Adjustments), which will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") with effect from 9.00 a.m. on 22 February 2023.The existing exercise price of Warrants C will be revised from RM0.80 to RM3.20 each.


Further, in accordance with the provisions of the Deed Poll C, the Adjustments will take effect from 22 February 2023, being the next market day following the Share Consolidation Entitlement Date.

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

This announcement is dated 21 February 2023.


Announcement Info

Company Name MERIDIAN BERHAD
Stock Name MERIDIAN-WC
Date Announced 21 Feb 2023
Category Listing Information and Profile
Reference Number LIP-21022023-00002