VSOLAR-WC

0.045

(%)

Listing Information & Profile

Profile for Securities of PLC

VSOLAR GROUP BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
RENOUNCEABLE RIGHTS ISSUE OF UP TO 644,632,276 NEW ORDINARY SHARES IN VSOLAR GROUP BERHAD ("VSOLAR" OR THE "COMPANY") ("VSOLAR SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE TOGETHER WITH UP TO 322,316,138 FREE DETACHABLE WARRANTS ("WARRANTS C") ON THE BASIS OF 4 RIGHTS SHARES TOGETHER WITH 2 WARRANTS C FOR EVERY 1 EXISTING VSOLAR SHARE HELD AS AT 5.00 P.M. ON THURSDAY, 7 MARCH 2024
 
("RIGHTS ISSUE WITH WARRANTS")
Listing Date 05 Apr 2024
Issue Date 01 Apr 2024
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 168,046,493
Maturity Mandatory
Maturity Date 31 Mar 2027
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 3.00   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
Revised Exercise/Conversion Ratio Not Applicable
Mode of satisfaction of Exercise/ Conversion price Cash
Settlement Type/ Convertible into Physical (Shares)



Remarks :
The Warrants C may be exercised any time during the tenure of the Warrants C of 3 years including and commencing from the issue date of the Warrants C and ending at 5.00 p.m. on the Expiry Date (being a date being 3 years from and including the date of issue of the Warrants C, provided that if such day falls on a day which is not a market day, then on the preceding market day). Each Warrant C carries the entitlement to subscribe for 1 new ordinary share in Vsolar at the Exercise Price which shall be satisfied fully in cash and shall be subject to the adjustments in accordance with the terms and provisions of the Deed Poll C during the Exercise Period.

This announcement is dated 3 April 2024.


Announcement Info

Company Name VSOLAR GROUP BERHAD
Stock Name VSOLAR-WC
Date Announced 03 Apr 2024
Category Listing Information and Profile
Reference Number LIP-03042024-00001