General Announcement for PLC
03/07/2020STRUCTURED WARRANTS ANNOUNCEMENT : INITIAL OFFERING
| QL-CS: CW QL RESOURCES BERHAD (AM) |
| Type | Announcement |
| Subject | STRUCTURED WARRANTS ANNOUNCEMENT INITIAL OFFERING |
| Description | PROPOSED ISSUE OF UP TO 50,000,000 EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF QL RESOURCES BERHAD ("QL") ("QL SHARES") WITH AN EXERCISE RATIO OF 15 CALL WARRANTS : 1 QL SHARE ("QL-CS") |
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With reference to the above, AmBank is pleased to announce the proposed issue by AmBank of up to 50,000,000 European style non-collateralised cash-settled call warrants over ordinary shares of QL, to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad. QL-CS is constituted by the Deed Poll dated 12 July 2019 executed by us, as supplemented from time to time. The QL-CS is subject to the terms and conditions of the Base Prospectus dated 17 July 2019, the First Supplementary Base Prospectus dated 26 February 2020 and the Term Sheet for the QL-CS dated 03 July 2020. A summary of the principal terms of the QL-CS is set out in Table 1.
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Please refer attachment below.
Attachments
Table 1 - Summary of the Principal Terms of QL-CS.pdf
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Announcement Info
| Company Name | QL-CS: CW QL RESOURCES BERHAD (AM) |
| Stock Name | QL-CS |
| Date Announced | 03 Jul 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02072020-00010 |