SKPRES-C23

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STRUCTURED WARRANTS ANNOUNCEMENT : INITIAL OFFERING

SKPRES-C23: CW SKP RESOURCES BHD (AM)

Type Announcement
Subject STRUCTURED WARRANTS ANNOUNCEMENT
INITIAL OFFERING
Description
PROPOSED ISSUE OF UP TO 80,000,000 EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SKP RESOURCES BHD ("SKPRES") ("SKPRES SHARES") WITH AN EXERCISE RATIO OF 3 CALL WARRANTS : 1 SKPRES SHARE ("SKPRES-C23")

With reference to the above, AmBank is pleased to announce the proposed issue by AmBank of up to 80,000,000 European style non-collateralised cash-settled call warrants over ordinary shares of SKPRES, to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad.

SKPRES-C23 is constituted by the Deed Poll dated 22 September 2023 executed by us, as supplemented from time to time. The SKPRES-C23 is subject to the terms and conditions of the Base Prospectus dated 29 September 2023, First Supplementary Base Prospectus dated 13 October 2023 and the Term Sheet for the SKPRES-C23 dated 31 October 2023.

A summary of the principal terms of the SKPRES-C23 is set out in Table 1.


This announcement is dated 31 October 2023




Please refer attachment below.



Announcement Info

Company Name SKPRES-C23: CW SKP RESOURCES BHD (AM)
Stock Name SKPRES-C23
Date Announced 31 Oct 2023
Category General Announcement for PLC
Reference Number GA1-27102023-00016