Listing Information and Profile

06/05/2019

Profile for Securities of PLC

LAMBO GROUP BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description 
BONUS ISSUE OF 1,051,058,992 NEW WARRANTS IN LAMBO GROUP BERHAD ("LAMBO" OR THE "COMPANY") ("WARRANTS B") ON THE BASIS OF 1 WARRANT B FOR EVERY 2 EXISTING ORDINARY SHARES IN LAMBO ("LAMBO SHARES" OR "SHARES") HELD BY THE ENTITLED SHAREHOLDERS OF LAMBO AT 5.00 P.M. ON 24 APRIL 2019
Listing Date 07 May 2019
Issue Date 30 Apr 2019
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 1,051,058,992
Maturity Mandatory
Maturity Date 29 Apr 2024
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)   0.1600
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 : 
Each Warrant B carries the entitlement to subscribe for 1 new Lambo Share at the exercise price of RM0.16 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 B dated 15 April 2019. Any Warrant B 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 B falls on a non-market day, then it will fall on the preceding market day.

This announcement is dated 6 May 2019.

Announcement Info

Company Name LAMBO GROUP BERHAD
Stock Name LAMBO-WB
Date Announced 06 May 2019
Category Listing Information and Profile
Reference Number LIP-02052019-00001


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