Listing Information & Profile

Profile for Securities of PLC


Instrument Category Securities of PLC
Instrument Type Preference Shares
Yong Tai Berhad ("YTB" or "Company")

(I)	Special issue of 200,000,000 new irredeemable convertible preference shares of RM0.80 each in YTB ("ICPS") at an issue price of RM0.80 each to Impression Culture Asia Limited ("Special Issue of ICPS"); and

(II)	Bonus issue of 16,034,494 new ICPS on the basis of one (1) new ICPS for every ten (10) ordinary shares of RM0.50 each in YTB ("YTB Shares") held by the shareholders of the Company on 24 November 2016 ("Bonus Issue of ICPS")
Listing Date 01 Dec 2016
Issue Date 28 Nov 2016
Issue/ Ask Price Malaysian Ringgit (MYR)   0.8000
Issue Size Indicator Unit
Issue Size in Unit 216,034,494
Maturity Mandatory
Maturity Date 27 Nov 2026
Revised Maturity Date
Name of Guarantor Not Applicable
Name of Trustee Not Applicable
Coupon/Profit/Interest/Payment Rate
The Company shall have the sole discretion to decide whether to declare any non-cumulative dividend and the quantum of such dividend, provided always that if dividends are declared to its ordinary shareholders, then dividends in respect of the ICPS shall be paid to the ICPS holders in preference.
Coupon/Profit/Interest/Payment Frequency Not Applicable
Redemption Not Applicable
Exercise/Conversion Period 7.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.8000
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 Tendering of securities
Settlement Type/ Convertible into Physical (Shares)

Remarks :
The ICPS shall have a tenure of 10 years from and inclusive of the date of issue.

The ICPS holders shall have the right to convert the ICPS into new YTB Shares based on the Conversion Price, at the option of the ICPS holder, at any time on any market day from 28 November 2019, being the 3rd anniversary of the date of issue of the ICPS, up to and including the Maturity Date.

The Maturity Date shall be the market day immediately before the 10th anniversary of the date of issue of the ICPS.

This announcement is dated 30 November 2016.

Announcement Info

Date Announced 30 Nov 2016
Category Listing Information and Profile
Reference Number LIP-30112016-00009