Listing Information and Profile

13/10/2015

Profile for Securities of PLC

MCLEAN TECHNOLOGIES BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
MCLEAN TECHNOLOGIES BERHAD ("MCLEAN" OR THE "COMPANY")

Issuance of free warrants in MClean ("New Warrants") on the basis of six (6) New Warrants for every twenty five (25) existing ordinary shares of RM0.25 each in MClean held as at 5.00 p.m. on 6 October 2015 ("Free Warrants Issue")
Listing Date 15 Oct 2015
Issue Date 08 Oct 2015
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 28,175,996
Maturity Mandatory
Maturity Date 07 Oct 2020
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)   0.2500
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 :
The New Warrants are issued to the entitled shareholders of MClean on the basis of six (6) New Warrants for every twenty five (25) ordinary shares of RM0.25 each in MClean ("MClean Share(s)") held as at 5.00p.m. on 6 October 2015.

Each New Warrant carries the entitlement to subscribe for one (1) new MClean Share at the exercise price (as indicated above) and at any time during the exercise period (as indicated above) ("Exercise Period") subject to the adjustments in accordance with the provisions of the deed poll dated 21 September 2015 constituting the New Warrants. Any New Warrant not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.

This announcement is dated 13 October 2015.


Announcement Info

Company Name MCLEAN TECHNOLOGIES BERHAD
Stock Name MCLEAN-WB
Date Announced 13 Oct 2015
Category Listing Information and Profile
Reference Number LIP-12102015-00003


Related Announcements for MCLEAN-WB
No related announcements.