Profile for Warrants
| AHMAD ZAKI RESOURCES BERHAD |
|
Instrument Type | Warrants |
| Description | Warrants issued pursuant to the Rights Issue With Warrants (as defined below) |
| Listing Date | 16/05/2014 |
| Issue Date | 14/05/2014 |
| Issue/ Ask Price | Not Applicable |
| Issue Size Indicator | Unit |
| Issue Size in Unit | 103,299,033 |
| Maturity Date | 13/05/2024 |
| Revised Maturity Date | |
| Exercise/ Conversion Period | 10.00Year(s) |
| Revised Exercise/ Conversion Period |  |
| Exercise/Strike/Conversion Price | MYR 0.7000 |
| Revised Exercise/Strike/Conversion Price | |
| Exercise/ Conversion Ratio | 1 Warrant : 1 Share |
| Revised Exercise/ Conversion Ratio | |
| Mode of satisfaction of Exercise/ Conversion price | Cash |
| Settlement Type/ Convertible into | Physical (Shares) |
| Remarks : |
| The Warrants are issued to entitled shareholders of Ahmad Zaki Resources Berhad ("AZRB") pursuant to the renounceable rights issue of 206,598,066 new ordinary shares of RM0.25 each in AZRB ("AZRB Shares")("Rights Shares") together with 103,299,033 free detachable warrants ("Warrants") at an issue price of RM0.50 per Rights Shares on the basis of six (6) Rights Shares together with three (3) free Warrants for every eight (8) existing AZRB Shares held as at 5.00 p.m. on 31 March 2014 ("Rights Issue With Warrants"). Each Warrant carries the entitlement to subscribe for one (1) AZRB Share at the exercise price of RM0.70 and at any time during the exercise period indicated above, subject to the adjustments in accordance with the provisions of the deed poll dated 18 March 2014, constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid. This announcement is dated 15 May 2014. |
Announcement Info
| Company Name | AHMAD ZAKI RESOURCES BERHAD |
| Stock Name | AZRB-WA |
| Date Announced | 15 May 2014 |
| Category | Listing Information & Profile |
| Reference No | MB-140428-41753 |