APPASIA-WA

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Profile for Warrants

APPASIA BERHAD

Instrument Type

Warrants
DescriptionWarrants issued pursuant to the Rights Issue of Shares with Warrants (as defined below) 
Listing Date02/01/2015
Issue Date24/12/2014
Issue/ Ask PriceNot Applicable
Issue Size IndicatorUnit
Issue Size in Unit138,956,400
Maturity Date23/12/2024
Revised Maturity Date 
Exercise/ Conversion Period10.00Year(s)
Revised Exercise/ Conversion Period
Exercise/Strike/Conversion PriceMYR 0.1300
Revised Exercise/Strike/Conversion Price
Exercise/ Conversion Ratio1 Warrant : 1 ordinary share of RM0.10 each
Revised Exercise/ Conversion Ratio
Mode of satisfaction of Exercise/ Conversion priceCash
Settlement Type/ Convertible intoPhysical (Shares)

Remarks :
The 138,956,400 free detachable warrants (“Warrants”) are issued to the entitled shareholders of AppAsia Berhad (formerly known as Extol MSC Berhad) (“AppAsia”) pursuant to the renounceable rights issue of 138,956,400 new ordinary shares of RM0.10 each in AppAsia (“AppAsia Shares”) (“Rights Shares”) together with 138,956,400 Warrants on the basis of one (1) Rights Share together with one (1) Warrant for every one (1) existing AppAsia Share held as at 5.00 p.m. on 3 December 2014 at an issue price of RM0.10 per Rights Share (“Rights Issue of Shares with Warrants”).

Each Warrant carries the entitlement to subscribe for one (1) new AppAsia Share at the exercise price (as indicated above) and 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 19 November 2014, 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 31 December 2014.


Announcement Info

Company NameAPPASIA BERHAD (ACE Market) 
Stock Name APPASIA-WA    
Date Announced31 Dec 2014  
CategoryListing Information & Profile
Reference NoOS-141231-57096