Listing Information and Profile

05/10/2017

Profile for Securities of PLC

SUNWAY BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
Free warrants issued pursuant to the bonus issue of up to 631,006,003 warrants in Sunway Berhad ("Warrants") on the basis of three (3) Warrants for every ten (10) existing ordinary shares held by the shareholders of Sunway as at 5.00 p.m. on 29 September 2017 ("Entitlement Date")
Listing Date 06 Oct 2017
Issue Date 04 Oct 2017
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 629,970,466
Maturity Mandatory
Maturity Date 03 Oct 2024
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 7.00   Year(s)
Revised Exercise/Conversion Period  
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   1.8600
Revised Exercise/Strike/Conversion Price  
Exercise/Conversion Ratio 1:1
Revised Exercise/Conversion Ratio
Mode of satisfaction of Exercise/ Conversion price Cash
Settlement Type/ Convertible into Physical (Shares)



Remarks :
Each Warrant entitles the registered Warrant holder to subscribe for one (1) new ordinary share in Sunway at the exercise price of RM1.86 for each Warrant. 

The exercise price of RM1.86 per Warrant will be effective for a period of one year from the date of issuance of the Warrants. Subsequently, the exercise price is subject to a fixed annual step-down of RM0.07 on each of the anniversary dates from the date of first issuance of the Warrants. The exercise price, at any time during the tenure of the Warrants, is further subject to adjustments in accordance with the provisions of the Deed Poll in the event of any alteration to the share capital of the Company.

The Warrants can be exercised at any time during the exercise period as indicated above ("Exercise Period") and upon the terms of and subject to the conditions and provisions of the deed poll dated 19 September 2017 constituting the Warrants. Any Warrant not exercised during the Exercise Period will thereafter lapse and cease to be valid. 

This announcement is dated 5 October 2017.


Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY-WB
Date Announced 05 Oct 2017
Category Listing Information and Profile
Reference Number LIP-05102017-00001