Listing Information and Profile

14/06/2016

Profile for Securities of PLC

CONNECTCOUNTY HOLDINGS BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
RENOUNCEABLE RIGHTS ISSUE OF UP TO 800,994,000 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES OF RM0.025 EACH IN CONNECT ("ICPS") ON THE BASIS OF 3 ICPS FOR EVERY 1 EXISTING ORDINARY SHARE OF RM0.10 EACH HELD IN CONNECT AT 5.00 P.M. ON 17 MAY 2016 AT AN ISSUE PRICE OF RM0.025 PER ICPS PAYABLE IN FULL UPON ACCEPTANCE TOGETHER WITH UP TO 53,399,600 FREE DETACHABLE WARRANTS ("WARRANT(S)-B") ON THE BASIS OF 1 FREE WARRANT-B FOR EVERY 15 ICPS SUBSCRIBED ("RIGHTS ISSUE OF ICPS")
Listing Date 15 Jun 2016
Issue Date 08 Jun 2016
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 43,321,388
Maturity Mandatory
Maturity Date 07 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 5.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.1000
Revised Exercise/Strike/Conversion Price  
Exercise/Conversion Ratio 1:1
Revised Exercise/Conversion Ratio
Mode of satisfaction of Exercise/ Conversion price Cash
Settlement Type/ Convertible into Physical (Shares)



Remarks :
The Warrants-B are issued free pursuant to the Rights Issue of ICPS. The Warrants-B may be exercised any time during the tenure of the Warrants of five (5) years including and commencing from the issue date of the Warrants-B and ending at 5:00 p.m. on the Expiry Date (being a date being five (5) years from and including the date of issue of the Warrants-B, provided that if such day falls on a day which is not a market day, then on the preceding market day). Each Warrant-B carries the entitlement to subscribe for one (1) new ordinary share of RM0.10 each in ConnectCounty Holdings Berhad ("CONNECT") at the Exercise Price which shall be satisfied fully in cash and shall be subject to adjustments in accordance with the deed poll dated 25 April 2016 ("Deed Poll").

Subject to the provision in the Deed Poll, the Exercise Price and the number of Warrants-B held by each Warrant-B holder shall be adjusted by the Board of Directors of CONNECT in consultation with the
adviser and certification of the external auditors, in the event of alteration to the share capital of the Company.
Warrants-B not exercised during the Exercise Period shall thereafter lapse and cease to be valid for any purpose.

This announcement is dated 14 June 2016.


Announcement Info

Company Name CONNECTCOUNTY HOLDINGS BERHAD
Stock Name CONNECT-WB
Date Announced 14 Jun 2016
Category Listing Information and Profile
Reference Number LIP-14062016-00004


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