Listing Information and Profile

03/03/2016

Profile for Securities of PLC

SUNZEN BIOTECH BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
Issuance of 179,423,296 free detachable warrants ("Warrants") to the entitled shareholders of Sunzen Biotech Berhad ("Sunzen") pursuant to the renounceable rights issue of 179,423,296 new ordinary shares of RM0.10 each in Sunzen ("Sunzen Shares") ("Rights Shares") on the basis of three (3) Rights Shares for every five (5) existing Sunzen Shares held as at 5.00 p.m. on 3 February 2016 at an issue price of RM0.25 per Rights Share, together with 179,423,296 free detachable warrants ("Warrants") on the basis of one (1) Warrant for every one (1) Rights Share subscribed for ("Rights Issue of Shares with Warrants")
Listing Date 04 Mar 2016
Issue Date 26 Feb 2016
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 179,423,296
Maturity Mandatory
Maturity Date 25 Feb 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 5.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.2500
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 one (1) new Sunzen Share at the exercise price (as indicated above) and at any time during the exercise period (as indicated above) ("Exercise Period") subject to the adjustments in accordance with the provisions of the deed poll dated 18 January 2016, 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 3 March 2016.


Announcement Info

Company Name SUNZEN BIOTECH BERHAD
Stock Name SUNZEN-WB
Date Announced 03 Mar 2016
Category Listing Information and Profile
Reference Number LIP-03032016-00002


Related Announcements for SUNZEN-WB
No related announcements.