CONNECT-PA

0.100

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Listing Information & Profile

Profile for Securities of PLC

CONNECTCOUNTY HOLDINGS BERHAD

Instrument Category Securities of PLC
Instrument Type Preference Shares
Description
RENOUNCEABLE RIGHTS ISSUE OF UP TO 800,994,000 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES OF RM0.025 EACH IN CONNECT ("ICPS") ON THE BASIS OF 3 ICPS FOR EVERY 1 EXISTING ORDINARY SHARE OF RM0.10 EACH HELD IN CONNECT AT 5.00 P.M. ON 17 MAY 2016 AT AN ISSUE PRICE OF RM0.025 PER ICPS PAYABLE IN FULL UPON ACCEPTANCE TOGETHER WITH UP TO 53,399,600 FREE DETACHABLE WARRANTS ("WARRANT(S)-B") ON THE BASIS OF 1 FREE WARRANT-B FOR EVERY 15 ICPS SUBSCRIBED ("RIGHTS ISSUE OF ICPS")
Listing Date 15 Jun 2016
Issue Date 08 Jun 2016
Issue/ Ask Price Malaysian Ringgit (MYR) � 0.0250
Issue Size Indicator Unit
Issue Size in Unit 649,821,600
Maturity Mandatory
Maturity Date 07 Jun 2021
Revised Maturity Date
Name of Guarantor Not Applicable
Name of Trustee Not Applicable
Coupon/Profit/Interest/Payment Rate
A cumulative preference dividend rate per annum of 10.0 sen per 100 ICPS shall be payable out of post taxation profits.
Coupon/Profit/Interest/Payment Frequency
The dividends, if any, shall be paid within 14 days from every anniversary of the Issue Date. No dividends shall be paid on the ordinary shares of the Company unless the dividends on the ICPS have first been paid.
Redemption Not Applicable
Exercise/Conversion Period 5.00 � Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR) � 0.1000
Revised Exercise/Strike/Conversion Price Not Applicable
Exercise/Conversion Ratio 1:1 to 4:1
Revised Exercise/Conversion Ratio Not Applicable
Mode of satisfaction of Exercise/ Conversion price cash or tendering of securities
Settlement Type/ Convertible into Physical (Shares)



Remarks :
The ICPS may be converted into new CONNECT Shares in the following manner:

(i) By surrendering for cancellation the ICPS with an aggregate par value equivalent to the Conversion Price or

(ii) By surrendering for cancellation such number of ICPS with an aggregate par value below the Conversion Price, subject to a minimum of 1 ICPS, and paying the difference between the par value of ICPS surrendered and the Conversion Price in cash, for every 1 new CONNECT Share. 

The ICPS will be listed together with the Warrants-B on 15 June 2016.

This announcement is dated 14 June 2016.


Announcement Info

Company Name CONNECTCOUNTY HOLDINGS BERHAD
Stock Name CONNECT-PA
Date Announced 14 Jun 2016
Category Listing Information and Profile
Reference Number LIP-14062016-00005