AT-WC

0.075

(%)

Listing Information & Profile

Profile for Securities of PLC

Amended Announcements
Please refer to the earlier announcement reference number: LIP-21052020-00001

AT SYSTEMATIZATION BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2020/2025 OF AT SYSTEMATIZATION BERHAD ("ATS" OR THE "COMPANY") ("WARRANTS C") AS SPECIFIED IN THE DEED POLL DATED 26 FEBRUARY 2020 ("DEED POLL C") PURSUANT TO THE CONSOLIDATION OF EVERY 30 EXISTING ORDINARY SHARES IN ATS ("ATS SHARES" OR "SHARES") INTO 1 ATS SHARE ("CONSOLIDATED SHARE") HELD AT 5.00 P.M. ON 11 JANUARY 2024 ("ENTITLEMENT DATE") ("SHARE CONSOLIDATION") ("ADJUSTMENTS")

1st Further Issue Information

Listing Date 12 Jan 2024
Issue Date 11 Jan 2024
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Amount Issued under Further Issue in Unit 0
Enlarge Issue Size in Unit 15,634,256

Initial Listing Information

Listing Date 22 May 2020
Issue Date 18 May 2020
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 743,382,150
Maturity Mandatory
Maturity Date 17 May 2025
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)   0.0350
Revised Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   1.0500
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 :
Pursuant to the Adjustments,

(i)	the existing exercise price of Warrants C of RM0.035 each will be revised to RM1.05 each; and

(ii)	the existing number of 469,053,650 Warrants C as at the Entitlement Date will be adjusted into 15,634,256 Warrants C (after disregarding the fractional entitlements arising from the Adjustments) which will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 12 January 2024, being the next market day following the Entitlement Date.

Further, in accordance with the provisions of the Deed Poll C, the Adjustments will take effect from 12 January 2024. 

The notice to the holders of Warrants C (setting out the details of the Adjustments) will be despatched in due course.


This announcement is dated 11 January 2024.


Announcement Info

Company Name AT SYSTEMATIZATION BERHAD
Stock Name AT-WC
Date Announced 11 Jan 2024
Category Listing Information and Profile
Reference Number LIP-11012024-00013