PARAMON-WA

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Listing Information & Profile

Profile for Securities of PLC

PARAMOUNT CORPORATION BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description 
Issuance of 173,337,846 free warrants in Paramount Corporation Berhad ("Paramount") ("Warrants") on the basis of two (2) Warrants for every five (5) existing ordinary shares in Paramount held as at 5.00 p.m. on 25 July 2019
Listing Date 05 Aug 2019
Issue Date 29 Jul 2019
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 173,337,846
Maturity Mandatory
Maturity Date 28 Jul 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 5.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   1.7900
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 entitles the registered Warrant holder to subscribe for one (1) new ordinary share in Paramount at any time during the Exercise Period at the Exercise Price, subject to adjustments in accordance with the provisions of the deed poll dated 11 July 2019 constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.

This announcement is dated 2 August 2019.

Announcement Info

Company Name PARAMOUNT CORPORATION BERHAD
Stock Name PARAMON-WA
Date Announced 02 Aug 2019
Category Listing Information and Profile
Reference Number LIP-02082019-00001


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