Profile for Warrants
| ASIA BIOENERGY TECHNOLOGIES BERHAD |
|
Instrument Type | Warrants |
| Description | Warrants 2014/2024 issued pursuant to a renounceable rights issue of warrants (“Warrants”) |
| Listing Date | 28/04/2014 |
| Issue Date | 22/04/2014 |
| Issue/ Ask Price | Not Applicable |
| Issue Size Indicator | Unit |
| Issue Size in Unit | 420,200,000 |
| Maturity Date | 19/04/2024 |
| Revised Maturity Date | |
| Exercise/ Conversion Period | 10.00Year(s) |
| Revised Exercise/ Conversion Period |  |
| Exercise/Strike/Conversion Price | MYR 0.1000 |
| Revised Exercise/Strike/Conversion Price | |
| Exercise/ Conversion Ratio | 1 |
| Revised Exercise/ Conversion Ratio | |
| Mode of satisfaction of Exercise/ Conversion price | Cash |
| Settlement Type/ Convertible into | Physical (Shares) |
| Remarks : |
| The Warrants may be exercised any time during the tenure of the Warrants of ten (10) years including and commencing from the issue date of the Warrants and ending at 5.00 p.m. on the Expiry Date (being a date being ten (10) years from and including the date of issue of the Warrants, provided that if such day falls on a day which is not a market day, then on the preceding market day). Each Warrant carries the entitlement to subscribe for one (1) new ordinary share of RM0.10 each in Asia Bioenergy Technologies Berhad ("ASIABIO" or "Company") at the Exercise Price which shall be satisfied fully in cash and shall be subject to adjustments in accordance with the Deed Poll. Subject to the provision in the Deed Poll, the Exercise Price and the number of Warrants held by each Warrant holder shall be adjusted by the Board of Directors of ASIABIO in consultation with the adviser and certification of the external auditors, in the event of alteration to the share capital of the Company. |
Announcement Info
| Company Name | ASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market) |
| Stock Name | ASIABIO-WA |
| Date Announced | 23 Apr 2014 |
| Category | Listing Information & Profile |
| Reference No | OS-140414-137AF |