SAUDEE-WA

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Listing Information & Profile

Profile for Securities of PLC

SAUDEE GROUP BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
Issuance of 44,999,982 free detachable warrants to the entitled shareholders of Saudee pursuant to the Two-Call Rights Issue (as defined herein)
Listing Date 07 Apr 2016
Issue Date 01 Apr 2016
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 44,999,982
Maturity Mandatory
Maturity Date 31 Mar 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) � 0.5000
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 :
The Warrants are issued to the entitled shareholders of Saudee pursuant to the renounceable two-call rights issue of up to 30,000,000 new ordinary shares of RM0.50 each in Saudee ("Saudee Share(s)" or "Share(s)") ("Rights Share(s)") on the basis of one (1) Rights Share for every three (3) existing Saudee Shares held as at 5.00 p.m. on 9 March 2016, together with up to 45,000,000 free detachable warrants ("Warrant(s)") on the basis of three (3) Warrants for every two (2) Rights Shares subscribed by the entitled shareholders of Saudee, at an issue price of RM0.50 per Rights Share, of which the first call of RM0.35 per Rights Share is payable in cash on application and the second call of RM0.15 per Rights Share is to be capitalised from the companys retained profits ("TWO-CALL RIGHTS ISSUE").

Each Warrant carries the entitlement to subscribe for one (1) new Saudee Share at the exercise price of RM0.50 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 2 February 2016, constituting the Warrants. Any Warrant not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.

This announcement is dated 6 April 2016.


Announcement Info

Company Name SAUDEE GROUP BERHAD
Stock Name SAUDEE-WA
Date Announced 06 Apr 2016
Category Listing Information and Profile
Reference Number LIP-06042016-00013