Listing Information and Profile

02/12/2020

Profile for Securities of PLC

PNE PCB BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
BONUS ISSUE OF 118,051,442 NEW WARRANTS IN PNE PCB BERHAD ("PNE" OR THE "COMPANY") ("WARRANTS B") ON THE BASIS OF 1 WARRANT B FOR EVERY 3 EXISTING ORDINARY SHARES IN PNE ("PNE SHARES" OR "SHARES") HELD BY ENTITLED SHAREHOLDERS OF PNE AT 5.00 P.M. ON 27 NOVEMBER 2020 ("BONUS ISSUE OF WARRANTS")
Listing Date 03 Dec 2020
Issue Date 30 Nov 2020
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 118,051,442
Maturity Mandatory
Maturity Date 29 Nov 2023
Revised Maturity Date
Name of Guarantor
Name of Trustee
Coupon/Profit/Interest/Payment Rate
Coupon/Profit/Interest/Payment Frequency
Redemption
Exercise/Conversion Period 3.00   Year(s)
Revised Exercise/Conversion Period  
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.6000
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 B carries the entitlement to subscribe for 1 new Share at the exercise price of RM0.60 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 13 November 2020. 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 2 December 2020.


Announcement Info

Company Name PNE PCB BERHAD
Stock Name PNEPCB-WB
Date Announced 02 Dec 2020
Category Listing Information and Profile
Reference Number LIP-02122020-00004


Related Announcements for PNEPCB-WB
No related announcements.