Listing Information and Profile

17/02/2016

Profile for Securities of PLC

TIGER SYNERGY BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description 
Issuance of 193,649,972 free detachable warrants ("Warrants") to the entitled shareholders of Tiger Synergy Berhad ("Tiger") pursuant to the renounceable rights issue of 484,124,930 new ordinary shares of RM0.08 each in Tiger ("Tiger Shares") ("Rights Shares") on the basis of two (2) Rights Shares for every one (1) existing Tiger Share held as at 5.00 p.m. on 15 January 2016 at an issue price of RM0.08 per Rights Share, together with 193,649,672 Warrants and an attached bonus issue of 96,824,986 new Tiger Shares ("Bonus Shares") on the basis of two (2) Warrants and one (1) Bonus Share for every five (5) Rights Shares subscribed for ("Rights Issue of Shares with Warrants and Bonus Shares")
Listing Date 18 Feb 2016
Issue Date 12 Feb 2016
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 193,649,972
Maturity Mandatory
Maturity Date 11 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)   0.0800
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 Tiger 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 31 December 2015, 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 17 February 2016.

Announcement Info

Company Name TIGER SYNERGY BERHAD
Stock Name TIGER-WC
Date Announced 17 Feb 2016
Category Listing Information and Profile
Reference Number LIP-17022016-00002


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Date Title
05/06/2018 Profile for Securities of PLC