GFM-WD

0.030

(%)

Listing Information & Profile

Profile for Securities of PLC

GFM SERVICES BERHAD

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

Bonus issue of 379,730,140 free warrants in GFM ("Warrant(s)") on the basis of 1 Warrant for every 2 existing ordinary shares in GFM held by the entitled shareholders of the Company on 5 July 2024
Listing Date 16 Jul 2024
Issue Date 11 Jul 2024
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 379,730,140
Maturity Mandatory
Maturity Date 09 Jul 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  
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.2100
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 GFM Share at the exercise price of RM0.21 and at any time during the exercise period of 3 years as indicated above ("Exercise Period") subject to the adjustments in accordance with the provisions of the deed poll dated 20 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 15 July 2024.

Announcement Info

Company Name GFM SERVICES BERHAD
Stock Name GFM-WD
Date Announced 15 Jul 2024
Category Listing Information and Profile
Reference Number LIP-15072024-00010


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