TAWIN-PA

0.020

(%)

Listing Information & Profile

Profile for Securities of PLC

TA WIN HOLDINGS BERHAD

Instrument Category Securities of PLC
Instrument Type Preference Shares
Description
ISSUANCE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN TA WIN HOLDINGS BERHAD ("TA WIN") ("ICPS") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF 238,841,790 ORDINARY SHARES IN TA WIN ("TA WIN SHARES" OR "SHARES") ("RIGHTS SHARES") AND 477,683,580 ICPS TOGETHER WITH 159,227,860 FREE DETACHABLE WARRANTS ("WARRANTS") AT THE ISSUE PRICE OF RM0.10 PER RIGHTS SHARE AND RM0.025 PER ICPS ON THE BASIS OF 3 RIGHTS SHARES AND 6 ICPS TOGETHER WITH 2 WARRANTS FOR EVERY 1 EXISTING TA WIN SHARE HELD BY THE ENTITLED SHAREHOLDERS AT 5.00 P.M. ON 12 JULY 2019
Listing Date 13 Aug 2019
Issue Date 08 Aug 2019
Issue/ Ask Price Malaysian Ringgit (MYR)   0.0250
Issue Size Indicator Unit
Issue Size in Unit 477,683,580
Maturity Mandatory
Maturity Date 07 Aug 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)   0.1000
Revised Exercise/Strike/Conversion Price Not Applicable
Exercise/Conversion Ratio 4:1
Revised Exercise/Conversion Ratio Not Applicable
Mode of satisfaction of Exercise/ Conversion price Tendering of securities
Settlement Type/ Convertible into Physical (Shares)



Remarks :
The ICPS can be converted into new Shares at the conversion price of RM0.10 ("Conversion Price") in the following manner:

(a)	4 ICPS to be converted into 1 new Share; or 

(b)	a combination of such number of ICPS and cash with an aggregate value equal to the Conversion Price, subject to a minimum of 1 ICPS, and paying the difference between the aggregate value of the Issue Price of the ICPS surrendered and the Conversion Price in cash for 1 new Share.

The ICPS may be converted any time within 5 years commencing on and including the issue date of the ICPS up to and including the maturity date. Any remaining ICPS that are not converted by the maturity date shall be automatically converted into new Shares at the conversion ratio of 4 ICPS for 1 new Share.

If the conversion results in a fractional entitlement to Ta Win Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of the ICPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement.

This announcement is dated 9 August 2019.


Announcement Info

Company Name TA WIN HOLDINGS BERHAD
Stock Name TAWIN-PA
Date Announced 09 Aug 2019
Category Listing Information and Profile
Reference Number LIP-02082019-00002