Profile for Warrants
| MEDA INC. BERHAD |
|
Instrument Type | Warrants |
| Description | MEDA INC. BERHAD (“MEDA INC” OR THE “COMPANY”) PRIVATE PLACEMENT OF 20,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN MEDA INC (“PLACEMENT SHARES”) REPRESENTING APPROXIMATELY 4.47% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL (“MEDA INC SHARES”) OF MEDA INC TOGETHER WITH 80,000,000 FREE DETACHABLE WARRANTS IN MEDA INC (“WARRANTS”) ON THE BASIS OF FOUR (4) FREE WARRANTS FOR EVERY ONE (1) PLACEMENT SHARE SUBSCRIBED (“PRIVATE PLACEMENT WITH FREE WARRANTS”); AND RESTRICTED RIGHTS OFFER OF UP TO 42,694,094 WARRANTS IN MEDA INC (“RIGHTS WARRANTS”) BY LIM SENG CHAI, TAN KIM SENG, TAN YOU TIONG AND TEH MIN CHUNG (“OFFERORS”) AT AN OFFER PRICE OF RM0.02 PER RIGHTS WARRANT ON A RIGHTS BASIS OF ONE (1) RIGHTS WARRANT FOR EVERY TEN (10) ORDINARY SHARES OF RM0.50 EACH HELD IN MEDA INC (“MEDA INC SHARES”) TO THE ENTITLED SHAREHOLDERS (EXCLUDING THE 20,000,000 MEDA INC SHARES ISSUED TO THE OFFERORS AS PART OF A PRIVATE PLACEMENT EXERCISE) AT 5.00 P.M. ON 27 OCTOBER 2011 (“RESTRICTED RIGHTS OFFER OF WARRANTS”). |
| Listing Date | 30/11/2011 |
| Issue Date | 16/08/2011 |
| Issue/ Ask Price |  |
| Issue Size Indicator | Unit |
| Issue Size in Unit | 80,000,000 |
| Maturity Date | 15/08/2021 | ||
| Revised Maturity Date | |||
| Exercise/ Conversion Period |
| ||
| Revised Exercise/ Conversion Period | |||
| Exercise/Strike/Conversion Price | MYR 0.5000 | ||
| Revised Exercise/Strike/Conversion Price | | ||
| Exercise/ Conversion Ratio | 1 WARRANT : 1 MEDA INC SHARE | ||
| Revised Exercise/ Conversion Ratio | |||
| Mode of satisfaction of Exercise/ Conversion price | Cash | ||
| Settlement Type/ Convertible into | Physical (Shares) |
| Remarks : |
| The Warrants are issued free pursuant to the Private Placement with Free Warrants on the basis of four (4) Warrants for every one (1) Placement Share subscribed. Total number of Warrants issued is 80,000,000 Warrants, of which 42,684,072 Rights Warrants are offered under the Restricted Rights Offer of Warrants. Each Warrant entitles the holder to subscribe for one (1) new Meda Inc Share at the exercise price of RM0.50 at any time within the exercise period, commencing on, and inclusive of, the Listing Date and ending on the last market day preceding the tenth (10th) anniversary of the Issue Date (“Exercise Period”), or if such date is not a market day, then it shall be the market day immediately preceding the said non market day, but excluding the five (5) clear market days prior to an entitlement date announced by Meda Inc and those days during that period on which the Record of Depositors and/or the Warrants’ register is or are closed. Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 29 November 2011. |
Announcement Info
| Company Name | MEDA INC. BERHAD |
| Stock Name | MEDAINC-WA |
| Date Announced | 29 Nov 2011 |
| Category | Listing Information & Profile |
| Reference No | MI-111129-50061 |