General Announcement for PLC
26/02/2020STRUCTURED WARRANTS ANNOUNCEMENT : INITIAL OFFERING
ECOWLD-C1: CW ECO WORLD DEVELOPMENT GROUP BERHAD (AM) |
Type | Announcement |
Subject | STRUCTURED WARRANTS ANNOUNCEMENT INITIAL OFFERING |
Description | PROPOSED ISSUE OF UP TO 60,000,000 EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF ECO WORLD DEVELOPMENT GROUP BERHAD ("ECOWLD") ("ECOWLD SHARES") WITH AN EXERCISE RATIO OF 2.5 CALL WARRANTS : 1 ECOWLD SHARE ("ECOWLD-C1") |
With reference to the above, AmBank is pleased to announce the proposed issue by AmBank of up to 60,000,000 European style non-collateralised cash-settled call warrants over ordinary shares of ECOWLD, to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad. ECOWLD-C1 is constituted by the Deed Poll dated 12 July 2019 executed by us, as supplemented from time to time. The ECOWLD-C1 is subject to the terms and conditions of the Base Prospectus dated 17 July 2019, the First Supplementary Base Prospectus dated 26 February 2020 and the Term Sheet for the ECOWLD-C1 dated 26 February 2020. A summary of the principal terms of the ECOWLD-C1 is set out in Table 1.
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Please refer attachment below.
Attachments
Table 1 Summary of the Principal Terms of ECOWLD-C1.pdf
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Announcement Info
Company Name | ECOWLD-C1: CW ECO WORLD DEVELOPMENT GROUP BERHAD (AM) |
Stock Name | ECOWLD-C1 |
Date Announced | 26 Feb 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-25022020-00035 |