Listing Information and Profile

05/03/2021

Profile for Securities of PLC

Amended Announcements
Please refer to the earlier announcement reference number: LIP-16052019-00003

NI HSIN RESOURCES BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2019/2022 IN NI HSIN RESOURCES BERHAD ("NI HSIN" OR "COMPANY") ("WARRANTS") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 24 APRIL 2019 CONSTITUITING THE WARRANTS, PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 960,100,350 REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN NI HSIN ("RCPS") AT AN ISSUE PRICE OF RM0.01 PER RCPS ON THE BASIS OF 2 RCPS FOR 1 EXISTING ORDINARY SHARE IN NI HSIN HELD BY THE ENTITLED SHAREHOLDERS AT 5.00 P.M. ON 5 FEBRUARY 2021 ("RIGHTS ISSUE OF RCPS")

1st Further Issue Information

Listing Date 08 Mar 2021
Issue Date 03 Mar 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 49,025,223
Enlarge Issue Size in Unit 141,509,747

Initial Listing Information

Listing Date 21 May 2019
Issue Date 14 May 2019
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 158,535,265
Maturity Mandatory
Maturity Date 13 May 2022
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 3.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.1380
Revised Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.0500
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 :
Pursuant to the Warrant Adjustments, (i) the existing number of 92,484,524 Warrants will be adjusted into 141,509,747 Warrants, whereby the additional 49,025,223 Warrants will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 8 March 2021; and (ii) the existing exercise price of Warrants was adjusted from RM0.138 to RM0.050 each.

In accordance with the provisions of the Deed Poll, the Warrant Adjustments shall take effect on 8 February 2021, being the next market day following the Entitlement Date.

The notice to the holders of Warrants (setting out the details of the Warrant Adjustments) will be despatched on 8 March 2021.

This announcement is dated 5 March 2021.


Announcement Info

Company Name NI HSIN RESOURCES BERHAD
Stock Name NIHSIN-WB
Date Announced 05 Mar 2021
Category Listing Information and Profile
Reference Number LIP-04032021-00001


Related Announcements for NIHSIN-WB
Date Title
17/05/2019 Profile for Securities of PLC