EDUSPEC-WB

0.005

(%)

Listing Information & Profile

Profile for Securities of PLC

EDUSPEC HOLDINGS BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2019 / 2024 OF EDUSPEC HOLDINGS BERHAD ("EDUSPEC" OR THE "COMPANY") ("WARRANTS B") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 6 SEPTEMBER 2019 CONSTITUTING THE WARRANTS B ("DEED POLL B") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 996,517,704 NEW ORDINARY SHARES IN EDUSPEC ("EDUSPEC SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.03 PER RIGHTS SHARE TOGETHER WITH UP TO 498,258,852 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS C") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 7 APRIL 2023 ("RIGHTS ISSUE WITH WARRANTS") ("ADJUSTMENTS")

1st Further Issue Information

Listing Date 11 May 2023
Issue Date 05 May 2023
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 52,399,268
Enlarge Issue Size in Unit 66,171,468

Initial Listing Information

Listing Date 07 Oct 2019
Issue Date 01 Oct 2019
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 550,906,743
Maturity Mandatory
Maturity Date 30 Sep 2024
Revised Maturity Date
Name of Guarantor
Name of Trustee
Coupon/Profit/Interest/Payment Rate
Coupon/Profit/Interest/Payment Frequency
Redemption
Exercise/Conversion Period 5.00   Year(s)
Revised Exercise/Conversion Period  
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   2.0000
Revised Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.3300
Exercise/Conversion Ratio 1:1
Revised Exercise/Conversion Ratio
Mode of satisfaction of Exercise/ Conversion price Cash
Settlement Type/ Convertible into Physical (Shares)



Remarks :
Pursuant to the Adjustments, (i) the existing number of 13,772,200 Warrants B will be adjusted into 66,171,468 Warrants B, whereby the additional 52,399,268 Warrants B ("Additional Warrants B") have been allotted and issued on 5 May 2023 to the entitled holders of Warrants B whose names appear on the Record of Depositors of the Company at 5.00 p.m. on 7 April 2023. The Additional Warrants B will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 11 May 2023 simultaneously with the Rights Shares and Warrants C; and (ii) the exercise price of the Warrants B will be revised from RM2.00 to RM0.33 each.

The notice to the holders of Warrants B in relation to the Adjustments will be despatched in due course.

This announcement is dated 10 May 2023.


Announcement Info

Company Name EDUSPEC HOLDINGS BERHAD
Stock Name EDUSPEC-WB
Date Announced 10 May 2023
Category Listing Information and Profile
Reference Number LIP-10052023-00030