EG PA today price 0.76, If buy 1 biji can convert to 1 biji mother share at 0.745, still loss abt 0.015,
Buy EG mother share better at 0.745
But it has 2% interest at 0.95.
|8907PA EG-PA EG INDUSTRIES BERHAD - REDEEMABLE CONVER|
|Profile for Securities of PLC|
Instrument Category : Securities of PLC Instrument Type : Preference Shares Description : 52,890,970 NEW REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("RCPS") IN EG INDUSTRIES BERHAD ISSUED PURSUANT TO THE RIGHTS ISSUE Initial Listing Information : Listing Date : 19/10/2017 Issue Date : 13/10/2017 Issue / Ask Price : Malaysian Ringgit (MYR) 0.9500 Issue Size in Unit : 52,890,970.0000 Maturity Date : 12/10/2022 Revised Maturity Date : Name of Guarantor: Not Applicable Name of Trustee: Not Applicable Coupon/Profit/Interest/Payment Rate: A cumulative preference dividend rate per annum of 2% of the Issue Price shall be payable out of post taxation profits of the Company. Coupon/Profit/Interest/Payment Frequency: The dividends, if any, shall be paid annually, within 14 days from the date of 30 June each calendar year. No dividends shall be paid on the ordinary shares of the Company unless the dividends on the RCPS have first been paid.The right to receive preference dividends, including preference dividends in arrears, shall cease once the RCPS are converted into EGIB Shares. Redemption: The Company shall have the option to redeem the RCPS in cash at 100% of the Issue Price, in whole or in part (but always in the same proportion in relation to each RCPS Holder), at any time from and including the third anniversary of the Issue Date up to the day immediately preceding the Maturity Date. For avoidance of doubt, the accrued but unpaid periodic preference dividend payments shall be due and payable upon redemption of the RCPS. The Company shall give the RCPS holders no less than 30 days notice prior to the date of redemption. The RCPS holders shall be entitled to exercise their Conversion Rights in the event the Company issues a notice of redemption. The RCPS which have been redeemed will be cancelled and cannot be reissued. Exercise/Conversion Period : 5.00 Year(s) Revised Exercise/Conversion Period : Not Applicable Exercise/ Strike/ Conversion Price : Malaysian Ringgit (MYR) 0.9500 Revised Exercise/ Strike/ Conversion Price : Exercise/ Conversion Ratio : 1:1 Revised Exercise/ Conversion Ratio : Mode of Satisfaction of Exercise/Conversion Price : Tendering of securities Settlement Type/ Convertible into : Physical (Shares) Remarks : Each RCPS may be converted into 1 new EGIB Share at a conversion price of RM0.95, which is equivalent to the Issue Price and based on the Conversion Mode. The conversion of RCPS will not require any cash payment by the RCPS Holders. The Conversion Price shall be satisfied by surrendering one RCPS for one EGIB Share. Any fraction of the new EGIB Shares (if any) arising from the conversion of the RCPS shall be disregarded. The RCPS will be listed together with the Bonus Shares on 19 October 2017.This announcement is dated 17 October 2017. You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
17/10/2017 07:00 AM