SCOMNET-WA

0.740

(%)

Listing Information & Profile

Profile for Securities of PLC

SUPERCOMNET TECHNOLOGIES BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
214,332,839 FREE WARRANTS ("WARRANT(S)") ISSUED PURSUANT TO THE BONUS ISSUE OF 214,332,839 WARRANTS ON THE BASIS OF ONE (1) WARRANT FOR EVERY THREE (3) EXISTING ORDINARY SHARES IN SUPERCOMNET TECHNOLOGIES BERHAD ("STB") ("STB SHARE(S)" OR "SHARE(S)") HELD BY THE ENTITLED SHAREHOLDERS OF STB AT 5:00 PM ON 17 JUNE 2019
Listing Date 28 Jun 2019
Issue Date 20 Jun 2019
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 214,332,839
Maturity Mandatory
Maturity Date 19 Jun 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 5.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.6500
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 one (1) new STB Share at the exercise price of RM0.65 at any time during the exercise period as indicated above ("Exercise Period"). The Warrants are subject to adjustments in accordance with the provisions of the deed poll constituting the Warrants dated 29 May 2019. Any Warrants which are not exercised during the Exercise Period will thereafter lapse and cease to be valid. 

If the maturity date of the Warrants falls on a non-market day, then it will be deemed to fall on the market day preceding the said non-market day.

This announcement is dated 27 June 2019.


Announcement Info

Company Name SUPERCOMNET TECHNOLOGIES BERHAD
Stock Name SCOMNET-WA
Date Announced 27 Jun 2019
Category Listing Information and Profile
Reference Number LIP-26062019-00009