Listing Information and Profile

21/02/2018

Profile for Securities of PLC

SCOMI GROUP BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
Issuance of 491,279,410 warrants in Scomi Group Bhd ("Scomi") ("Warrants") pursuant to the:

(i) bonus issue of 477,765,360 Warrants on the basis of 1 Warrant for every 2 existing ordinary shares held in Scomi ("Shares"); and

(ii) issuance of 13,514,050 Warrants arising from the merger of Scomi Engineering Bhd with Scomi to be undertaken by way of a members scheme of arrangement pursuant to Section 366 of the Companies Act 2016
Listing Date 22 Feb 2018
Issue Date 19 Feb 2018
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 491,279,410
Maturity Mandatory
Maturity Date 18 Feb 2023
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 5.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.2100
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 carries the entitlement to subscribe for 1 new Share at the exercise price of RM0.21 and at any time during the exercise period, subject to any adjustments made in accordance with the provisions of the deed poll dated 30 January 2018 constituting the Warrants. Any Warrants not exercised during the exercise period will thereafter lapse and cease to be valid for any purpose.

This announcement is dated 21 February 2018.


Announcement Info

Company Name SCOMI GROUP BERHAD
Stock Name SCOMI-WB
Date Announced 21 Feb 2018
Category Listing Information and Profile
Reference Number LIP-21022018-00001


Related Announcements for SCOMI-WB
No related announcements.