Listing Information and Profile

06/08/2021

Profile for Securities of PLC

SCANWOLF CORPORATION BERHAD

Instrument Category Securities of PLC
Instrument Type Loan Stocks
Description 
IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS ("ICULS") ISSUED PURSUANT TO THE: 

(1) RENOUNCEABLE RIGHTS ISSUE OF RM10,497,120 NOMINAL VALUE OF 5-YEAR 3% ICULS AT 100% OF ITS NOMINAL VALUE OF RM0.10 ON THE BASIS OF 2 ICULS FOR EVERY 2 EXISTING ORDINARY SHARES IN SCANWOLF CORPORATION BERHAD ("SCANWOLF") ("SCANWOLF SHARES") HELD AS AT 5.00 P.M. ON 8 JULY 2021, TOGETHER WITH 52,485,600 FREE WARRANTS ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 ICULS SUBSCRIBED ("RIGHTS ISSUE OF ICULS WITH WARRANTS"); AND 

(2) SETTLEMENT OF AMOUNT OWING TO CHOONG NAM FATHER & SONS CONSTRUCTION SDN BHD, A CREDITOR OF SCANWOLF DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SCANWOLF OF RM3,000,000 VIA THE ISSUANCE OF 30,000,000 ICULS BY SCANWOLF ("CREDITOR CAPITALISATION")
Listing Date 09 Aug 2021
Issue Date 05 Aug 2021
Issue/ Ask Price Malaysian Ringgit (MYR)   0.1000
Issue Size Indicator Currency
Issue Size in Currency Malaysian Ringgit (MYR)   13,497,120.0000
Maturity Mandatory
Maturity Date 04 Aug 2026
Revised Maturity Date
Name of Guarantor Not Applicable
Name of Trustee MTrustee Berhad
Coupon/Profit/Interest/Payment Rate 
3.0% per annum
Coupon/Profit/Interest/Payment Frequency 
Semi-annually
Redemption Not Applicable
Exercise/Conversion Period 5.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.3000
Revised Exercise/Strike/Conversion Price Not Applicable
Exercise/Conversion Ratio 3:1
Revised Exercise/Conversion Ratio Not Applicable
Mode of satisfaction of Exercise/ Conversion price Tendering of securities and/or cash
Settlement Type/ Convertible into Physical (Shares)



Remarks : 
At any time during the Conversion Period indicated above, each registered holder of the ICULS may at his/her/its option:

(a) surrender three (3) ICULS of such nominal value equivalent to the Conversion Price for one (1) new Scanwolf Share; or
(b) surrender one (1) ICULS of RM0.10 nominal value together with cash payment of an amount of RM0.20 such that in aggregate it being equivalent to the Conversion Price for one (1) new Scanwolf Share.

Unless the ICULS are converted prior to the Maturity Date, the ICULS will be mandatorily converted into new Scanwolf Shares at the Conversion Price upon the Maturity Date.

Any fractional new Scanwolf Shares arising from the conversion of the ICULS shall be disregarded and shall be dealt with in such manner as the Board of Directors of Scanwolf shall in its absolute discretion deem fit and in the best interests of Scanwolf.

This announcement is dated 6 August 2021.

Announcement Info

Company Name SCANWOLF CORPORATION BERHAD
Stock Name SCNWOLF-LA
Date Announced 06 Aug 2021
Category Listing Information and Profile
Reference Number LIP-03082021-00003


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