KTG-WA

0.005

(%)

Listing Information & Profile

Profile for Securities of PLC

SPRING GALLERY BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
SPRING GALLERY BERHAD ("SGB" OR THE "COMPANY")

Issuance of 52,250,000 free detachable warrants ("Warrants") to the entitled shareholders of SGB pursuant to the renounceable rights issue of up to 522,500,000 new irredeemable convertible preference shares of RM0.05 each in SGB ("ICPS") on the basis of five (5) ICPS for every one (1) existing ordinary share of RM0.50 each in SGB ("SGB Share" or "Share") held as at 5.00 p.m. on 21 March 2016 ("Entitlement Date"), together with up to 52,250,000 Warrants on the basis of one (1) Warrant for every ten (10) ICPS ("Rights Issue of ICPS With Warrants")
Listing Date 19 Apr 2016
Issue Date 08 Apr 2016
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 52,250,000
Maturity Mandatory
Maturity Date 07 Apr 2021
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) � 0.6000
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 carries the entitlement to subscribe for one (1) new SGB Share at the exercise price (as indicated above) and at any time during the exercise period (as indicated above) ("Exercise Period") subject to the adjustments in accordance with the provisions of the deed poll dated 7 March 2016, 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 18 April 2016.


Announcement Info

Company Name SPRING GALLERY BERHAD
Stock Name SGB-WA
Date Announced 18 Apr 2016
Category Listing Information and Profile
Reference Number LIP-18042016-00001