Listing Information and Profile

27/05/2021

Profile for Securities of PLC

Amended Announcements
Please refer to the earlier announcement reference number: LIP-05042021-00020

SANICHI TECHNOLOGY BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description 
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2018/2021 OF SANICHI TECHNOLOGY BERHAD ("SANICHI" OR THE "COMPANY") ("WARRANTS E") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 2 NOVEMBER 2018 CONSTITUTING THE WARRANTS E (''DEED POLL E'') PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,424,428,212 NEW ORDINARY SHARES IN SANICHI (''SANICHI SHARES'' OR ''SHARES'') (''RIGHTS SHARES'') AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE TOGETHER WITH UP TO 712,214,106 FREE DETACHABLE WARRANTS IN SANICHI ("WARRANTS F") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS F FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 23 APRIL 2021 ("ENTITLEMENT DATE") (''RIGHTS ISSUE WITH WARRANTS'') (''ADJUSTMENTS'')

1st Further Issue Information

Listing Date 06 Apr 2021
Issue Date 05 Apr 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 0
Enlarge Issue Size in Unit 36,932,791

2nd Further Issue Information

Listing Date 28 May 2021
Issue Date 21 May 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 63,302,561
Enlarge Issue Size in Unit 100,235,352

Initial Listing Information

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)   1.0000
Revised Exercise/Strike/Conversion Price   0.2500
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 Adjustments, (i) the existing number of 36,932,791 Warrants E has been adjusted to 100,235,352 Warrants E, whereby the additional 63,302,561 Warrants E will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 28 May 2021; and (ii) the exercise price of the Warrants E has been revised from RM1.00 to RM0.25.

The additional Warrants E were issued based on the entitlement ratio of 1.7140:1.0000 (additional Warrants E: number of outstanding Warrants E held as at the Entitlement Date) and after disregarding fractional entitlements.

The notice to the holders of Warrants E (setting out the details of the Adjustments) will be despatched on 3 June 2021.

This announcement is dated 27 May 2021.

Announcement Info

Company Name SANICHI TECHNOLOGY BERHAD
Stock Name SANICHI-WE
Date Announced 27 May 2021
Category Listing Information and Profile
Reference Number LIP-27052021-00005


Related Announcements for SANICHI-WE
Date Title
05/04/2021 Profile for Securities of PLC
19/12/2018 Profile for Securities of PLC