SEG-WA - Profile for Warrants
Announcement Type: Listing Information & Profile
Company Name: SEG INTERNATIONAL BHD
Stock Name: SEG-WA
Date Announced: 12/07/2011
Announcement Detail:
Instrument Type: Warrants
Description: Additional warrants to be issued pursuant to the share split involving the subdivision of every one (1) existing ordinary share of RM0.50 each in SEG International Bhd ("SEGi") into two (2) ordinary shares of RM0.25 each in SEGi ("Share Split")
Listing Date: 19/08/2010
Issue Date: 17/08/2010
Issue/ Ask Price: MYR 0.0500
Issue Size Indicator: Unit
Issue Size in Unit: 226,013,054
Maturity Date: 16/08/2015
Exercise/ Conversion Period: 5.00 Year(s)
Revised Exercise/ Conversion Period: 0.00
Exercise/Strike/Conversion Price: MYR 1.0000
Revised Exercise/Strike/Conversion Price: MYR 0.5000
Exercise/ Conversion Ratio: 1:1
Mode of satisfaction of Exercise/ Conversion price: Cash
Settlement Type/ Convertible into: Physical (Shares)
Remarks: As at 12 July 2011, SEGi has a total of 101,283,197 warrants-in-issue ("Warrants") at an exercise price of RM1.00. Pursuant to the Share Split, consequential adjustments will be made to the number of additional Warrants to be issued as well as its exercise price in accordance with Condition 3(A)(i) of the Third Schedule of the Warrant's Deed Poll of SEGi dated 15 July 2010 in respect of the remaining Warrants are not exercised prior to the entitlement date, being 12 July 2011 at 5.00 p.m. ("Entitlement Date").
Accordingly, pursuant to the Share Split, additional 101,283,197 Warrants ("Additional Warrants") will be issued and allotted to the holders of Warrants registered in the Warrant register in proportion to their holdings in the ratio of one (1) Additional Warrant for every one (1) Warrant held on the Entitlement Date and the exercise price is revised downwards from RM1.00 to RM0.50.
The adjustments will take effect on Wednesday, 13 July 2011 at 9.00 a.m. and the Additional Warrants will be listed and quoted on the same day, being the next market day immediately after the Entitlement Date of the Share Split.
The Notice to Warrant Holders containing details of the adjustments to the exercise price and number of Additional Warrants due to the Share Split will be despatched to the holders of Warrants within twenty one (21) market days from the date of listing and quotation of the Additional Warrants.
This announcement is dated 12 July 2011.
Company Name: SEG INTERNATIONAL BHD
Stock Name: SEG-WA
Date Announced: 12/07/2011
Announcement Detail:
Instrument Type: Warrants
Description: Additional warrants to be issued pursuant to the share split involving the subdivision of every one (1) existing ordinary share of RM0.50 each in SEG International Bhd ("SEGi") into two (2) ordinary shares of RM0.25 each in SEGi ("Share Split")
Listing Date: 19/08/2010
Issue Date: 17/08/2010
Issue/ Ask Price: MYR 0.0500
Issue Size Indicator: Unit
Issue Size in Unit: 226,013,054
Maturity Date: 16/08/2015
Exercise/ Conversion Period: 5.00 Year(s)
Revised Exercise/ Conversion Period: 0.00
Exercise/Strike/Conversion Price: MYR 1.0000
Revised Exercise/Strike/Conversion Price: MYR 0.5000
Exercise/ Conversion Ratio: 1:1
Mode of satisfaction of Exercise/ Conversion price: Cash
Settlement Type/ Convertible into: Physical (Shares)
Remarks: As at 12 July 2011, SEGi has a total of 101,283,197 warrants-in-issue ("Warrants") at an exercise price of RM1.00. Pursuant to the Share Split, consequential adjustments will be made to the number of additional Warrants to be issued as well as its exercise price in accordance with Condition 3(A)(i) of the Third Schedule of the Warrant's Deed Poll of SEGi dated 15 July 2010 in respect of the remaining Warrants are not exercised prior to the entitlement date, being 12 July 2011 at 5.00 p.m. ("Entitlement Date").
Accordingly, pursuant to the Share Split, additional 101,283,197 Warrants ("Additional Warrants") will be issued and allotted to the holders of Warrants registered in the Warrant register in proportion to their holdings in the ratio of one (1) Additional Warrant for every one (1) Warrant held on the Entitlement Date and the exercise price is revised downwards from RM1.00 to RM0.50.
The adjustments will take effect on Wednesday, 13 July 2011 at 9.00 a.m. and the Additional Warrants will be listed and quoted on the same day, being the next market day immediately after the Entitlement Date of the Share Split.
The Notice to Warrant Holders containing details of the adjustments to the exercise price and number of Additional Warrants due to the Share Split will be despatched to the holders of Warrants within twenty one (21) market days from the date of listing and quotation of the Additional Warrants.
This announcement is dated 12 July 2011.
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