Listing Information & Profile
29/06/2011Profile for Warrants
ARK RESOURCES BERHAD |
Instrument Type | Warrants |
Description | ARK RESOURCES BERHAD ("ARK" OR THE "COMPANY") (I) RENOUNCEABLE RIGHTS ISSUE OF 15,475,725 NEW ORDINARY SHARES OF RM1.00 EACH IN ARK (ARK SHARES) AT AN ISSUE PRICE OF RM1.00 EACH ON THE BASIS OF THREE (3) NEW ARK SHARES FOR EVERY FOUR (4) ORDINARY SHARES HELD AFTER THE PROPOSED CAPITAL REDUCTION TOGETHER WITH 15,475,725 FREE DETACHABLE WARRANTS ON THE BASIS OF ONE (1) FREE DETACHABLE WARRANT (WARRANT) FOR EVERY ONE (1) NEW RIGHTS SHARE SUBSCRIBED (RIGHTS ISSUE); AND (II) PLACEMENT OF 5,000,000 NEW ARK SHARES AT AN ISSUE PRICE OF RM1.00 EACH WITH 5,000,000 FREE DETACHABLE WARRANTS ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY ONE (1) NEW PLACEMENT SHARE SUBSCRIBED (PLACEMENT) |
Listing Date | 30/06/2011 |
Issue Date | 23/06/2011 |
Issue/ Ask Price | ![]() |
Issue Size Indicator | Unit |
Issue Size in Unit | 20,475,725 |
Maturity Date | 30/06/2021 | ||
Revised Maturity Date | |||
Exercise/ Conversion Period |
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Revised Exercise/ Conversion Period | |||
Exercise/Strike/Conversion Price | MYR 1.0000 | ||
Revised Exercise/Strike/Conversion Price | ![]() | ||
Exercise/ Conversion Ratio | 1 Warrant : 1 ARK Share | ||
Revised Exercise/ Conversion Ratio | |||
Mode of satisfaction of Exercise/ Conversion price | Cash | ||
Settlement Type/ Convertible into | Physical (Shares) |
Remarks : |
The Warrants are issued for free to the following subscribers: (i) the renounceable rights issue of 15,475,725 Rights Shares on the basis of one (1) Warrant for every one (1) new Rights Shares subscribed for; and (ii) the placee of the placement of 5,000,000 Placement Shares, on the basis of one (1) Warrant for every one (1) new Placement Shares subscribed for. Each Warrant carries the entitlement to subscribe for one (1) new ordinary share of RM1.00 each in ARK at the exercise price which shall be satisfied in cash. The Warrants may be exercised at any time during the exercise period. Any Warrants not exercised during the exercise period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 29 March 2011. |
Announcement Info
Company Name | ARK RESOURCES BERHAD |
Stock Name | ARK-WB |
Date Announced | 29 Jun 2011 |
Category | Listing Information & Profile |
Reference No | MLI-110629-4D2B0 |