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Profile For Warrants
BackAug 13, 2014
|
Instrument Type |
Warrants |
| Description | Eight (8)-year - 2014/2022 Warrants |
| Listing Date | 15/08/2014 |
| Issue Date | 11/08/2014 |
| Issue/ Ask Price | Not Applicable |
| Issue Size Indicator | Unit |
| Issue Size in Unit | 1,277,822,225 |
| Maturity Date | 12/08/2022 |
| Revised Maturity Date | |
| Exercise/ Conversion Period | 8.00Year(s) |
| Revised Exercise/ Conversion Period |  |
| Exercise/Strike/Conversion Price | MYR 0.7500 |
| Revised Exercise/Strike/Conversion Price | |
| Exercise/ Conversion Ratio | 1:1 |
| Revised Exercise/ Conversion Ratio | |
| Mode of satisfaction of Exercise/ Conversion price | Cash |
| Settlement Type/ Convertible into | Physical (Shares) |
| Remarks : |
| The maturity date of the Warrants is as follows: (a) 5.00 p.m. on the 8th anniversary of the date of Listing if the completion of qualifying acquisition takes place within 36 months from the date of Listing; or (b) 5.00 p.m. on the 3rd anniversary of the date of Listing if the completion of qualifying acquisition does not take place within 36 months from the date of Listing; provided that if the maturity date is not a Market Day, then it shall fall on the preceding Market Day. Each Warrant shall entitle the holder to subscribe for 1 new ordinary share of RM0.01 each in Reach Energy at the exercise price of RM0.75 per Warrant, at any time during the period commencing from and inclusive of the date of completion of the qualifying acquisition up to and including the maturity date. |
Announcement Info
| Company Name | REACH ENERGY BERHAD |
| Stock Name | REACH-WA |
| Date Announced | 13 Aug 2014 |
| Category | Listing Information & Profile |
| Reference No | ML-140722-60280 |