MAXLAND-WB

0.005

(%)

Listing Information & Profile

Profile for Securities of PLC

MAXLAND BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description 
Maxland Berhad ("Maxland" or the "Company")

Bonus issue of 801,814,638 free warrants in Maxland ("Warrant(s)") on the basis of 1 Warrant for every 2 existing ordinary shares in Maxland held by the entitled shareholders of the Company on 21 June 2024
Listing Date 01 Jul 2024
Issue Date 26 Jun 2024
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 801,814,638
Maturity Mandatory
Maturity Date 25 Jun 2029
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)   0.1100
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 1 new Maxland Share at the exercise price of RM0.11 and at any time during the exercise period of 5 years as indicated above ("Exercise Period") subject to the adjustments in accordance with the provisions of the deed poll dated 5 June 2024 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 28 June 2024.

Announcement Info

Company Name MAXLAND BERHAD
Stock Name MAXLAND-WB
Date Announced 28 Jun 2024
Category Listing Information and Profile
Reference Number LIP-28062024-00001


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