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Profile for Securities of PLC

IDEAL UNITED BINTANG BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
BONUS ISSUE OF 55,234,200 WARRANTS IN IDEALUBB ("WARRANT(S)") ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM1.00 EACH IN IDEALUBB ("IDEALUBB SHARES") HELD ON 25 MARCH 2016 ("BONUS ISSUE OF WARRANTS")
Listing Date 07 Apr 2016
Issue Date 31 Mar 2016
Issue/ Ask Price Malaysian Ringgit (MYR)   1.0000
Issue Size Indicator Unit
Issue Size in Unit 55,234,200
Maturity Mandatory
Maturity Date 30 Mar 2021
Revised Maturity Date
Name of Guarantor
Name of Trustee
Coupon/Profit/Interest/Payment Rate
Coupon/Profit/Interest/Payment Frequency
Redemption
Exercise/Conversion Period 5.00   Year(s)
Revised Exercise/Conversion Period  
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   1.0000
Revised Exercise/Strike/Conversion Price  
Exercise/Conversion Ratio 1
Revised Exercise/Conversion Ratio
Mode of satisfaction of Exercise/ Conversion price Cash
Settlement Type/ Convertible into Cash and/or Physical (Shares)



Remarks :
The Warrants may be exercised any time during the tenure of the Warrants of five (5) years including and commencing from the issue date of the Warrants and ending at 5:00 p.m. on the Expiry Date (being a date being five (5) years from and including the date of issue of the Warrants, provided that if such day falls on a day which is not a market day, then on the preceding market day). Each Warrant carries the entitlement to subscribe for one (1) new ordinary share of RM1.00 each in IDEALUBB at the Exercise Price which shall be satisfied fully in cash and shall be subject to adjustments in accordance with the Deed Poll.

Subject to the provision in the Deed Poll, the Exercise Price and the number of Warrants held by each Warrant holder shall be adjusted by the Board of Directors of IDEALUBB in consultation with the adviser and certification of the external auditors, in the event of alteration to the share capital of IDEALUBB.

This announcement is dated 6 April 2016.


Announcement Info

Company Name IDEAL UNITED BINTANG BERHAD
Stock Name IDEALUBB
Date Announced 06 Apr 2016
Category Listing Information and Profile
Reference Number LIP-06042016-00010



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