Bursa Announcements
Date : 04 October 2019
Profile for Securities of PLC
Amended Announcements
Please refer to the earlier announcement reference number: LIP-30072018-00001
| SUNWAY BERHAD |
| Instrument Category | Securities of PLC |
| Instrument Type | Warrants |
| Description | Free warrants issued pursuant to the bonus issue of up to 631,006,003 warrants in Sunway Berhad ("Warrants") on the basis of three (3) Warrants for every ten (10) existing ordinary shares held by the shareholders of Sunway as at 5.00 p.m. on 29 September 2017 ("Entitlement Date") |
| Listing Date | 06 Oct 2017 |
| Issue Date | 04 Oct 2017 |
| Issue/ Ask Price | Not Applicable |
| Issue Size Indicator | Unit |
| Issue Size in Unit | 629,970,466 |
| Maturity | Mandatory |
| Maturity Date | 03 Oct 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 | 7.00 Year(s) |
| Revised Exercise/Conversion Period | Not Applicable |
| Exercise/Strike/Conversion Price | Malaysian Ringgit (MYR) 1.7900 |
| Revised Exercise/Strike/Conversion Price | Malaysian Ringgit (MYR) 1.7200 |
| 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 : |
The exercise price of the Warrants will be adjusted downwards from RM1.79 to RM1.72 per Warrant effective from 4 October 2019 pursuant to a fixed annual step-down of RM0.07 per year on each of the anniversary dates of the first issuance of the Warrants in accordance with the Deed Poll for Warrants dated 19 September 2017 ("Deed Poll"). The revised exercise price of RM1.72 per Warrant will be effective for a period of one year from 4 October 2019.
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.
The Warrants can be exercised at any time during the exercise period as indicated above ("Exercise Period") and upon the terms of and subject to the conditions and provisions of the Deed Poll constituting the Warrants. Any Warrant not exercised during the Exercise Period will thereafter lapse and cease to be valid.
This announcement is dated 4 October 2019. |
Announcement Info
| Company Name | SUNWAY BERHAD |
| Stock Name | SUNWAY-WB |
| Date Announced | 04 Oct 2019 |
| Category | Listing Information and Profile |
| Reference Number | LIP-26092019-00001 |