Profile for Securities of PLC
| ANN JOO RESOURCES BERHAD |
| Instrument Category | Securities of PLC |
| Instrument Type | Preference Shares |
| Description | 125,139,720 redeemable convertible cumulative preference shares ("RCPS")
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| Listing Date | 06 Dec 2016 |
| Issue Date | 01 Dec 2016 |
| Issue/ Ask Price | Malaysian Ringgit (MYR) 0.5000 |
| Issue Size Indicator | Unit |
| Issue Size in Unit | 125,139,720 |
| Maturity | Mandatory |
| Maturity Date | 30 Nov 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 | The Company may redeem the RCPS in part on a pro-rata basis or in its entirety as the case may be, at the option of the Company at the RCPS Issue Price, at any time up to Maturity. RCPS holders may opt for the NRA adjustment by converting such number of their RCPS together with opting for the NRA adjustment in the Conversion Notice to be submitted during the Acceptable Conversion Notice Period to the Share Registrar and received by the Share Registrar on or before the Last Election Date. |
| Exercise/Conversion Period | 8.00 Year(s) |
| Revised Exercise/Conversion Period | Not Applicable |
| Exercise/Strike/Conversion Price | Malaysian Ringgit (MYR) 1.8000 |
| 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 | Tendering of 1 RCPS together with RCPS Cash Consideration of RM1.30 |
| Settlement Type/ Convertible into | Physical (Shares) |
RM1.80????????
RM1.30..............?????????
| Remarks : |
Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall bear the same as those defined in the announcements dated 24 May 2016, 13 July 2016, 7 September 2016, 23 September 2016,10 October 2016, 21 October 2016, 24 October 2016, 4 November 2016, 7 November 2016 and 29 November 2016.
The Rights Issue of RCPS will be completed with the listing of and quotation for 125,139,720 RCPS on the Main Market of Bursa Malaysia Securities Berhad on 6 December 2016.
The RCPS is for a tenure of 8 years commencing from and including the date of issuance of 1 December 2016 ("Issue Date"). The RCPS shall be convertible at the option of the RCPS holder into new Ann Joo Shares, at the RCPS Conversion Price, at any time from the date of the listing of the RCPS up to and including the date of maturity of 30 November 2024 ("Maturity Date"). The RCPS holder shall surrender 1 RCPS (being equivalent to the value of the RCPS Issue Price) and the payment of the RCPS Cash Consideration towards satisfying the RCPS Conversion Price for each Share.
The Company may redeem the RCPS in part on a pro-rata basis or in its entirety as the case may be, at the option of the Company at the RCPS Issue Price, at any time up to Maturity. As such, there is no fixed redemption schedule in respect of the RCPS.
The redemption price is at the RCPS Issue Price, together with cumulative unpaid dividends up to the date of redemption. The Redemption shall be in cash and in one lump sum at the redemption price.
To facilitate the Redemption, the trading of the RCPS will be suspended prior to and after the RCPS BCD (inclusive of the RCPS BCD) for such period as may be approved by Bursa Securities.
RCPS holders may opt for the NRA adjustment by converting such number of their RCPS together with opting for the NRA adjustment in the Conversion Notice to be submitted during the Acceptable Conversion Notice Period to the Share Registrar and received by the Share Registrar on or before the Last Election Date.
Any outstanding RCPS not converted or redeemed at the Maturity shall automatically be redeemed by the Issuer at the Issue Price on Maturity together with cumulative unpaid dividends up to the date of Redemption.
This announcement is dated 5 December 2016.
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