Listing Information and Profile

02/12/2020

Profile for Securities of PLC

FOCUS DYNAMICS GROUP BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description 
FREE DETACHABLE WARRANTS IN FOCUS DYNAMICS GROUP BERHAD ("FOCUS") ("WARRANTS D") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,044,266,157 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN FOCUS (''ICPS'') AT AN ISSUE PRICE OF RM0.055 PER ICPS TOGETHER WITH UP TO 3,066,399,235 FREE DETACHABLE WARRANTS D ON THE BASIS OF 2 ICPS TOGETHER WITH 3 FREE WARRANTS D FOR EVERY 6 EXISTING ORDINARY SHARES IN FOCUS HELD BY THE ENTITLED SHAREHOLDERS OF FOCUS AT 5.00 P.M. ON 4 NOVEMBER 2020 ("ENTITLED SHAREHOLDERS")
Listing Date 03 Dec 2020
Issue Date 27 Nov 2020
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 3,066,399,051
Maturity Mandatory
Maturity Date 26 Nov 2025
Revised Maturity Date
Name of Guarantor
Name of Trustee
Coupon/Profit/Interest/Payment Rate
Coupon/Profit/Interest/Payment Frequency
Redemption
Exercise/Conversion Period 5.00   Year(s)
Revised Exercise/Conversion Period  
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.8000
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 : 
Each Warrant D carries the entitlement to subscribe for 1 new Share at the exercise price of RM0.80 at any time during the exercise period (as indicated above) ("Exercise Period"), subject to any adjustments that may be made from time to time in accordance with the provisions of the deed poll constituting the Warrants D dated 19 October 2020. Any Warrant D not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose and shall be cancelled and treated to have been cancelled forthwith.

If the maturity date of the Warrants D falls on a non-market day, then it will fall on the preceding market day.

This announcement is dated 2 December 2020.

Announcement Info

Company Name FOCUS DYNAMICS GROUP BERHAD
Stock Name FOCUS-WD
Date Announced 02 Dec 2020
Category Listing Information and Profile
Reference Number LIP-02122020-00002


Related Announcements for FOCUS-WD
No related announcements.