ATTA-WB

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Profile for Warrants

Amended Announcements
Please refer to the earlier announcement reference number: MM-120514-56826

SMPC CORPORATION BHD

Instrument Type

Warrants
DescriptionSMPC CORPORATION BHD. (“SMPC” OR “COMPANY”)

ADJUSTMENT TO THE NUMBER OF THE OUTSTANDING 20,338,186 WARRANTS 2012/2022 OF SMPC (“WARRANTS B”) IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 28 MARCH 2012 CONSEQUENT TO THE RENOUNCEABLE TWO-CALL RIGHTS ISSUE OF UP TO 300,410,014 NEW ORDINARY SHARES OF RM1.00 EACH IN SMPC (“SMPC SHARE(S)”) (“RIGHTS SHARE(S)”) TOGETHER WITH UP TO 150,205,007 FREE NEW DETACHABLE WARRANTS (“WARRANTS C”) AT AN ISSUE PRICE OF RM1.00 PER RIGHTS SHARE ON THE BASIS OF TWO (2) RIGHTS SHARES TOGETHER WITH ONE (1) WARRANT C FOR EVERY TWO (2) EXISTING SMPC SHARES HELD AT 5.00 P.M. ON 27 OCTOBER 2014, OF WHICH THE FIRST CALL OF RM0.90 WILL BE PAYABLE IN CASH ON APPLICATION AND THE SECOND CALL OF RM0.10 IS TO BE CAPITALISED FROM THE COMPANY’S RESERVES, BASED ON A MINIMUM SUBSCRIPTION LEVEL OF 20,000,000 RIGHTS SHARES TOGETHER WITH 10,000,000 WARRANTS C (“RIGHTS ISSUE WITH WARRANTS”)
 
Listing Date16/05/2012
Issue Date10/05/2012
Issue/ Ask PriceNot Applicable
Issue Size IndicatorUnit
Issue Size in Unit21,382,993
Maturity Date09/05/2022
Revised Maturity Date 
Exercise/ Conversion Period10.00Year(s)
Revised Exercise/ Conversion Period
Exercise/Strike/Conversion PriceMYR 1.0000
Revised Exercise/Strike/Conversion Price
Exercise/ Conversion Ratio1 Warrant B : 1 SMPC Share
Revised Exercise/ Conversion Ratio
Mode of satisfaction of Exercise/ Conversion priceCash
Settlement Type/ Convertible intoPhysical (Shares)

Remarks :
Pursuant to the Rights Issue with Warrants, an additional 1,044,807 Warrants B will be listed and quoted simultaneously with the Rights Shares and the Warrants C on 25 November 2014.

Each Warrant B entitles the registered holder to subscribe for one (1) new SMPC Share at any time during the Exercise Period at the Exercise Price subject to the adjustments in accordance with the provisions of the Deed Poll for Warrants B dated 28 March 2012. Any Warrants B not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.

The notice to Warrants B holders containing the details of the adjustments has been despatched to the Warrants B holders on 6 November 2014.

This announcement is dated 24 November 2014.


Announcement Info

Company NameSMPC CORPORATION BHD  
Stock Name SMPC-WB    
Date Announced24 Nov 2014  
CategoryListing Information & Profile
Reference NoMM-141124-79F00