Will YOU pay 40 cent to convert your LA to mother SCOMI.
Mother Scomi now only 0.285 cents nia.
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|Each registered holder of the ICSLS shall have the right at any time during the conversion period to convert such amount of ICSLS held into fully paid new ordinary shares of RM0.10 each in Scomi Group Bhd ("SGB Shares") at the conversion price of RM0.40 per SGB Share.|
The conversion of the ICSLS will not require any cash payment by the ICSLS holder. The conversion price will be satisfied by surrendering for cancellation the ICSLS with an aggregate nominal value equivalent to the conversion price. Any fractional SGB Shares arising from the conversion of the ICSLS shall be disregarded.
The ICSLS are not redeemable (save upon declaration of an event of default). At the end of the tenure, any outstanding ICSLS will be automatically converted into new SGB Shares at the conversion price.