News
Profile For Warrants
BackMar 23, 2010
| Date Announced |
:
|
23/03/2010 |
| Instrument Type |
:
|
Warrants | |
| Description |
:
|
|
| Listing Date |
:
|
15/09/2000 |
| Issue Date |
:
|
29/08/2000 |
| Issue/ Ask Price |
:
|
MYR 0.2000 |
| Issue Size Indicator |
:
|
Unit |
| Issue Size in Unit |
:
|
168,896,809 |
| Maturity Date |
:
|
28/08/2010 |
| Revised Maturity Date |
:
|
|
| Exercise/ Conversion Period |
:
|
10.00 Year(s) |
| Revised Exercise/ Conversion Period |
:
|
 |
| Exercise/ Conversion Ratio |
:
|
1 warrant : 1 ordinary share |
| Mode of satisfaction of Exercise/ Conversion price |
:
|
Cash |
| Settlement Type/ Convertible Into |
:
|
Physical (Shares) |
| Exercise/ Strike/ Conversion Price |
:
|
MYR 0.7100 |
| Remarks : |
| Each warrant entitles the registered holder to subscribe for one (1) ordinary share of Advance Synergy Berhad (“ASB”) at the Exercise Price at any time during the Exercise Period, subject to adjustments in accordance with the provisions of the deed poll dated 28 April 2000 which has been duly amended by way of a supplemental deed poll executed on 24 July 2003 for the extension of the duration and Exercise Period. The original Exercise Price of RM1.00 per ordinary share of ASB (“ASB Share”) was adjusted to RM0.71 per ASB Share with effect from 27 December 2007 consequential to the corporate exercise of ASB comprising (i) the reduction of the issued and paid-up share capital of ASB from RM337,793,619 comprising 337,793,619 ASB Shares of RM1.00 each to RM101,338,086 comprising 337,793,619 ASB Shares of RM0.30 each by cancelling RM0.70 from every ASB Share of RM1.00 each to reduce the accumulated losses of ASB and the reduction of up to the entire amount in the share premium account of ASB to reduce the accumulated losses in ASB (collectively, referred to as “the Capital Reduction”); and (ii) the renounceable two (2)-call rights issue of RM177,341,650 nominal value of 2% 10-year irredeemable convertible unsecured loan stocks (“ICULS”) at 100% of the nominal value of RM0.15 each (or equivalent of 1,182,277,666 ICULS)(“Rights Issue”). ASB had on 31 January 2008 announced that the Capital Reduction and the Rights Issue have been completed. The duration and Exercise Period of the warrants was first extended for a period of five (5) years from 28 August 2003 up to and including 28 August 2008 and was subsequently extended for a further period of two (2) years from 28 August 2008 up to and including 28 August 2010 (“Maturity Date”). If the Maturity Date is not a day on which Bursa Malaysia Securities Berhad (“Bursa Securities”) is open for trading, then the Exercise Period shall then expire at 5.00 p.m. on the day immediately preceding the Maturity Date on which Bursa Securities is open for trading. Upon expiry of the Exercise Period, any warrants which have not been exercised will lapse and cease to be valid for any purpose. |