Profile for Warrants
| ASDION BERHAD |
|
Instrument Type | Warrants |
| Description | Issuance of 8,350,760 free warrants (“Free Warrants”) pursuant to the Free Warrants Issue (as defined herein) and 43,840,500 detachable warrants (“Placement Warrants”) pursuant to the Private Placement of Shares with Warrants (as defined herein) |
| Listing Date | 31/03/2014 |
| Issue Date | 25/03/2014 |
| Issue/ Ask Price | Not Applicable |
| Issue Size Indicator | Unit |
| Issue Size in Unit | 52,191,260 |
| Maturity Date | 24/03/2019 |
| Revised Maturity Date | |
| Exercise/ Conversion Period | 5.00Year(s) |
| Revised Exercise/ Conversion Period |  |
| Exercise/Strike/Conversion Price | MYR 0.5000 |
| Revised Exercise/Strike/Conversion Price | |
| Exercise/ Conversion Ratio | 1 Warrant : 1 Ordinary Share of RM0.10 each |
| Revised Exercise/ Conversion Ratio | |
| Mode of satisfaction of Exercise/ Conversion price | Cash |
| Settlement Type/ Convertible into | Physical (Shares) |
| Remarks : |
| 8,350,760 Free Warrants were issued to the entitled shareholders of Asdion Berhad (“Asdion”) pursuant to the issuance of 8,350,760 Free Warrants on the basis of one (1) Free Warrant for every ten (10) ordinary shares of RM0.10 each in Asdion (“Asdion Shares”) held at 5.00 p.m. on 21 March 2014 (“Free Warrants Issue”). 43,840,500 Placement Warrants were issued pursuant to the private placement of 29,227,000 new Asdion Shares (“Placement Shares”), representing approximately thirty-five percent (35%) of the issued and paid-up share capital of Asdion together with 43,840,500 Placement Warrants on the basis of three (3) Placement Warrants for every (2) Placement Shares subscribed (“Private Placement of Shares with Warrants”). The Free Warrants and Placement Warrants (collectively referred to as the “Warrants”) have been consolidated and shall have the same maturity date on 24 March 2019. Each Warrant carries the entitlement to subscribe for one (1) new Asdion 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 7 March 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 27 March 2014. |
Announcement Info
| Company Name | ASDION BERHAD (ACE Market) |
| Stock Name | ASDION-WB |
| Date Announced | 27 Mar 2014 |
| Category | Listing Information & Profile |
| Reference No | OS-140327-64103 |