OIB-WA

0.185

(%)

Listing Information & Profile

Profile for Securities of PLC

ORIENTAL INTEREST BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
Free detachable warrants in Oriental Interest Berhad ("OIB") ("Warrant(s)") issued pursuant to the renounceable rights issue of 154,858,394 new ordinary shares in OIB ("OIB Share(s)" or "Share(s)") ("Rights Share(s)") on the basis of 1 Rights Share for every 1 existing OIB Share held as at 5.00 p.m. on Tuesday, 4 May 2021, together with 154,858,394 Warrants on the basis of 1 Warrant for every 1 Rights Share subscribed, at an issue price of RM0.68 per Rights Share ("Rights Issue with Warrants")
Listing Date 02 Jun 2021
Issue Date 19 Apr 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 154,858,394
Maturity Mandatory
Maturity Date 18 Apr 2026
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)   1.1500
Revised Exercise/Strike/Conversion Price  
Exercise/Conversion Ratio 1 : 1
Revised Exercise/Conversion Ratio
Mode of satisfaction of Exercise/ Conversion price Cash
Settlement Type/ Convertible into Physical (Shares)



Remarks :
Unless otherwise stated, the definitions used herein shall have the same meaning as those defined in the Abridged Prospectus dated 4 May 2021 in relation to the Rights Issue with Warrants.

Each Warrant carries the entitlement to subscribe for 1 new OIB Share at the exercise price of RM1.15 at any time during the exercise period of 5 years as indicated above ("Exercise Period"). The Warrants are subject to the adjustments in accordance with the provisions of the deed poll dated 19 April 2021 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 1 June 2021.


Announcement Info

Company Name ORIENTAL INTEREST BERHAD
Stock Name OIB-WA
Date Announced 01 Jun 2021
Category Listing Information and Profile
Reference Number LIP-01062021-00009