MENANG-WC

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Listing Information & Profile

Profile for Securities of PLC

MENANG CORPORATION (M) BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description 
Bonus issue of 240,399,627 free warrants ("Warrants") on the basis of 1 Warrant for every 2 existing ordinary shares in Menang Corporation (M) Berhad ("MCB Shares") held as at 5.00 p.m. on 13 December 2021
Listing Date 23 Dec 2021
Issue Date 16 Dec 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 240,399,627
Maturity Mandatory
Maturity Date 13 Dec 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 3.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.5000
Revised Exercise/Strike/Conversion Price Not Applicable
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 : 
Each Warrant carries the entitlement to subscribe for 1 new MCB Share at any time during the exercise period as indicated above ("Exercise Period") at the exercise price of RM0.50, subject to the adjustments in accordance with the provisions of the deed poll constituting the Warrants dated 30 November 2021. Any Warrants which have not been exercised by the Maturity Date will lapse and cease to be valid for any purpose.

This announcement is dated 22 December 2021.

Announcement Info

Company Name MENANG CORPORATION (M) BERHAD
Stock Name MENANG-WC
Date Announced 22 Dec 2021
Category Listing Information and Profile
Reference Number LIP-22122021-00001


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