Listing Information and Profile

20/08/2018

Profile for Securities of PLC

ARK RESOURCES HOLDINGS BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
Exchange of all the 20,475,725 outstanding warrants in ARK Resources Berhad ("ARK") as at 6 August 2018 ("Entitlement Date") with 20,475,725 new warrants in ARK Resources Holdings Berhad ("ARK Holdings") on the basis of 1 ARK Holdings Warrant for every 1 existing ARK Warrant held on the Entitlement Date pursuant to the Internal Reorganisation implemented by ARK
Listing Date 21 Aug 2018
Issue Date 15 Aug 2018
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 20,475,725
Maturity Mandatory
Maturity Date 30 Jun 2021
Revised Maturity Date
Name of Guarantor Not Applicable
Name of Trustee Not Applicable
Coupon/Profit/Interest/Payment Rate Not Applicable
Coupon/Profit/Interest/Payment Frequency Not Applicable
Redemption Not Applicable
Exercise/Conversion Period 10.00   Year(s)
Revised Exercise/Conversion Period  
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   1.0000
Revised Exercise/Strike/Conversion Price Not Applicable
Exercise/Conversion Ratio 1 : 1
Revised Exercise/Conversion Ratio Not Applicable
Mode of satisfaction of Exercise/ Conversion price Cash
Settlement Type/ Convertible into Physical (Shares)



Remarks :
For avoidance of doubt, the existing ARK Warrants in issue have an exercise period of 10 years expiring 30 June 2021. In this respect, the exercise period of the ARK Holdings Warrants shall also expire on the same date of 30 June 2021.


Announcement Info

Company Name ARK RESOURCES HOLDINGS BERHAD
Stock Name ARK-WB
Date Announced 20 Aug 2018
Category Listing Information and Profile
Reference Number LIP-14082018-00001


Related Announcements for ARK-WB
No related announcements.