AZRB-WA

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Profile for Warrants

AHMAD ZAKI RESOURCES BERHAD

Instrument Type

Warrants
DescriptionWarrants issued pursuant to the Rights Issue With Warrants (as defined below) 
Listing Date16/05/2014
Issue Date14/05/2014
Issue/ Ask PriceNot Applicable
Issue Size IndicatorUnit
Issue Size in Unit103,299,033
Maturity Date13/05/2024
Revised Maturity Date 
Exercise/ Conversion Period10.00Year(s)
Revised Exercise/ Conversion Period
Exercise/Strike/Conversion PriceMYR 0.7000
Revised Exercise/Strike/Conversion Price
Exercise/ Conversion Ratio1 Warrant : 1 Share
Revised Exercise/ Conversion Ratio
Mode of satisfaction of Exercise/ Conversion priceCash
Settlement Type/ Convertible intoPhysical (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 NameAHMAD ZAKI RESOURCES BERHAD  
Stock Name AZRB-WA    
Date Announced15 May 2014  
CategoryListing Information & Profile
Reference NoMB-140428-41753