VELESTO-WA

0.005

-0.005 (-50%)

Listing Information & Profile

Profile for Securities of PLC

UMW OIL & GAS CORPORATION BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
ISSUANCE OF 1,513,399,754 FREE DETACHABLE WARRANTS IN UMW OIL & GAS CORPORATION BERHAD ("UMW-OG") ("WARRANTS") ISSUED PURSUANT TO THE:
 
(I)	RENOUNCEABLE RIGHTS ISSUE OF 4,836,727,688 NEW ORDINARY SHARES ON THE BASIS OF 14 RIGHTS SHARES FOR EVERY 5 SHARES HELD TOGETHER WITH 1,209,181,678  WARRANTS ON THE BASIS OF 1 WARRANT FOR EVERY 4 RIGHTS SHARES SUBSCRIBED ("RIGHTS ISSUE WITH WARRANTS"); AND 

(II)	SUBSCRIPTION OF 1,216,872,312 NEW ISLAMIC REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS-i") TOGETHER WITH 304,218,076 WARRANTS ON THE BASIS OF 1 WARRANT FOR EVERY 4 RCPS-i SUBSCRIBED BY PNB AND/OR OTHER PNB FUNDS ("SUBSCRIPTION")
Listing Date 25 Oct 2017
Issue Date 19 Oct 2017
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 1,513,399,754
Maturity Mandatory
Maturity Date 18 Oct 2024
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 7.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.3950
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 1 new UMW-OG Share at the exercise price of RM0.395, exercisable at any time after 19 April 2018 (being six (6) months from the Issue Date), up to 5.00 p.m. of the Maturity Date ("Exercise Period"), subject to any adjustments that may be made from time to time in accordance with the provisions of the deed poll constituting the Warrants dated 8 September 2017. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose and shall be cancelled and treated to have been cancelled forthwith.

This announcement is dated 24 October 2017.


Announcement Info

Company Name UMW OIL & GAS CORPORATION BERHAD
Stock Name UMWOG-WA
Date Announced 24 Oct 2017
Category Listing Information and Profile
Reference Number LIP-24102017-00001