Profile for Warrants

Amended Announcements
Please refer to the earlier announcement reference number: MM-130725-53723


Instrument Type

DescriptionAdjustments to the number of the outstanding Warrants 2013/2023 of Nexgram Holdings Berhad (“Nexgram”) (“Warrant(s) B”) in accordance with the provisions under the deed poll dated 22 July 2013 (“Deed Poll”) consequent to the bonus issue of 423,116,217 new ordinary shares of RM0.10 each in Nexgram (“Nexgram Shares”) (“Bonus Shares”), to be credited as fully paid-up, on the basis of one (1) Bonus Share for every three (3) Nexgram Shares held by the entitled shareholders of Nexgram as at 5.00 p.m. on 23 April 2014 (“Entitlement Date”) (“Bonus Issue”) 
Listing Date30/07/2013
Issue Date23/07/2013
Issue/ Ask PriceNot Applicable
Issue Size IndicatorUnit
Issue Size in Unit159,999,752
Maturity Date22/07/2023
Revised Maturity Date 
Exercise/ Conversion Period10.00Year(s)
Revised Exercise/ Conversion Period
Exercise/Strike/Conversion PriceMYR 0.3500
Revised Exercise/Strike/Conversion PriceMYR 0.2600 
Exercise/ Conversion Ratio1 Warrant : 1 Share
Revised Exercise/ Conversion Ratio
Mode of satisfaction of Exercise/ Conversion priceCash
Settlement Type/ Convertible intoPhysical (Shares)

Remarks :
We refer to the announcement dated 9 April 2014 in relation to the Bonus Issue.

In accordance with the provisions under the Deed Poll and consequential to the Bonus Issue, 39,999,752 additional Warrants B will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 24 April 2014 and the exercise price for the Warrants B will be revised from RM0.35 to RM0.26 (“Adjustments”).

Further, in accordance with the provisions of the Deed Poll, the Adjustments will take effect on 24 April 2014, being the market day immediately after the issuance of the Bonus Shares on the Entitlement Date.

A notification to the holders of the Warrants B setting out the details of such Adjustments will be despatched in due course.

This announcement is dated 23 April 2014.

Announcement Info

Stock Name NEXGRAM-WB    
Date Announced23 Apr 2014  
CategoryListing Information & Profile
Reference NoMM-140423-68562