HANDAL-WB

0.020

(%)

Listing Information & Profile

Profile for Securities of PLC

HANDAL ENERGY BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description 
Bonus issue of 186,499,873 warrants (Warrant(s)) in Handal Energy Berhad (Handal or Company) on the basis of 1 Warrant for every 2 existing ordinary shares in Handal held by the entitled shareholders as at 5:00 p.m. on 16 April 2024 (Bonus Issue of Warrants)
Listing Date 25 Apr 2024
Issue Date 18 Apr 2024
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 186,499,873
Maturity Mandatory
Maturity Date 17 Apr 2029
Revised Maturity Date
Name of Guarantor
Name of Trustee
Coupon/Profit/Interest/Payment Rate
Coupon/Profit/Interest/Payment Frequency
Redemption
Exercise/Conversion Period 5.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.0800
Revised Exercise/Strike/Conversion Price Not Applicable
Exercise/Conversion Ratio 1:1
Revised Exercise/Conversion Ratio
Mode of satisfaction of Exercise/ Conversion price Cash
Settlement Type/ Convertible into Physical (Shares)



Remarks : 
Each Warrant entitles the Warrant holder to subscribe for 1 new ordinary share in Handal at the exercise price (as indicated above) and at any time during the exercise period (as indicated above) (Exercise Period) subject to the provisions of the deed poll dated 29 March 2024, constituting and governing the Warrants. Any Warrant not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. 

If the maturity date/expiry date of the Warrants falls on a non-market day, then it shall be the market day immediately preceding the said non-market day.

This announcement is dated 24 April 2024.

Announcement Info

Company Name HANDAL ENERGY BERHAD
Stock Name HANDAL-WB
Date Announced 24 Apr 2024
Category Listing Information and Profile
Reference Number LIP-24042024-00011


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