LAYHONG-WA

0.005

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Listing Information & Profile

Profile for Securities of PLC

LAY HONG BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
Issuance of free warrants in LHB ("Warrants") on the basis of one (1) Warrant for every two (2) existing ordinary shares of RM0.20 each in LHB held at 5.00 p.m. on 14 October 2016 ("Free Warrants Issue")
Listing Date 19 Oct 2016
Issue Date 14 Oct 2016
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 304,375,000
Maturity Mandatory
Maturity Date 13 Oct 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)   0.4000
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 :
The Warrants are issued to the entitled shareholder of LHB on the basis of one (1) Warrant for every two (2) ordinary shares of RM0.20 each in LHB ("LHB Share(s)") held at 5.00 p.m. on 14 October 2016.

Each Warrant carries the entitlement to subscribe for one (1) new LHB 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 29 September 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 18 October 2016.


Announcement Info

Company Name LAY HONG BERHAD
Stock Name LAYHONG-WA
Date Announced 18 Oct 2016
Category Listing Information and Profile
Reference Number LIP-18102016-00002