Listing Information and Profile

19/12/2018

Profile for Securities of PLC

SANICHI TECHNOLOGY BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description 
FREE DETACHABLE WARRANTS IN SANICHI TECHNOLOGY BERHAD ("SANICHI") ("WARRANTS E") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,012,285,042 NEW ORDINARY SHARES IN SANICHI ("SANICHI SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE TOGETHER WITH UP TO 506,142,521 WARRANTS E ON THE BASIS OF 2 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT E FOR EVERY 1 EXISTING SANICHI SHARE HELD BY ENTITLED SHAREHOLDERS AT 5.00 P.M. ON 21 NOVEMBER 2018
Listing Date 20 Dec 2018
Issue Date 14 Dec 2018
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 369,329,241
Maturity Mandatory
Maturity Date 13 Dec 2021
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)   0.1000
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 E carries the entitlement to subscribe for 1 new Sanichi Share at the exercise price of RM0.10 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 E dated 2 November 2018. Any Warrant E 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 Warrants E falls on a non-market day, then it will fall on the preceding market day.

This announcement is dated 19 December 2018.

Announcement Info

Company Name SANICHI TECHNOLOGY BERHAD
Stock Name SANICHI-WE
Date Announced 19 Dec 2018
Category Listing Information and Profile
Reference Number LIP-18122018-00003


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