BURSA ANNOUNCEMENTS

Date : 07 September 2017

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES SUNWAY BERHAD ("SUNWAY" OR THE "COMPANY") (I) BONUS ISSUE OF SHARES; AND (II) BONUS ISSUE OF WARRANTS. (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

SUNWAY BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description
SUNWAY BERHAD ("SUNWAY" OR THE "COMPANY")

(I)	BONUS ISSUE OF SHARES; AND
(II)	BONUS ISSUE OF WARRANTS.

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

(Unless otherwise defined, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the earlier announcements).

 

We refer to the announcements dated 14 June 2017, 11 July 2017, 24 July 2017 and 30 August 2017 in relation to the Proposals.

 

On behalf of the Board, Kenanga IB wishes to announce that the Board has determined and fixed the exercise price for the Warrants at RM1.86 per Warrant.

 

The exercise price of RM1.86 per Warrant is at parity to the TEBP of Sunway Shares computed based on RM4.3411 per Sunway Share being the five (5)-day VWAMP of Sunway Shares up to and including 6 September 2017 (i.e. the last trading day immediately prior to the price-fixing date).

 

The exercise price of RM1.86 per Warrant will be effective for a period of one year from the date of issuance of the Warrants. Subsequently, the exercise price is subject to a fixed annual step-down of RM0.07 on each of the anniversary dates from the date of first issuance of the Warrants. The exercise price, at any time during the tenure of the Warrants, is further subject to adjustments in accordance with the provisions of the Deed Poll in the event of any alteration to the share capital of the Company.

 

 

This announcement is dated 7 September 2017.






Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 07 Sep 2017
Category General Announcement for PLC
Reference Number GA1-07092017-00061


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