MBL-WB

0.045

+0.005 (+12.5%)

Listing Information & Profile

Profile for Securities of PLC

MUAR BAN LEE GROUP BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description 
MUAR BAN LEE GROUP BERHAD ("MBL" OR "COMPANY")

BONUS ISSUE OF 113,767,950 NEW WARRANTS IN MBL (WARRANT(S)-B) ON THE BASIS OF 1 WARRANT-B FOR EVERY 2 EXISTING ORDINARY SHARES IN MBL ("SHARE(S)") HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON 19 JUNE 2023
Listing Date 28 Jun 2023
Issue Date 22 Jun 2023
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 113,767,950
Maturity Mandatory
Maturity Date 21 Jun 2028
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 5.00   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 Share at the exercise price of RM0.50 and at any time during the exercise period of 5 years as indicated above ("Exercise Period") subject to the adjustments in accordance with the provisions of the deed poll dated 12 June 2023 constituting the Warrants-B. Any Warrants-B not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.

This announcement is dated 27 June 2023.

Announcement Info

Company Name MUAR BAN LEE GROUP BERHAD
Stock Name MBL-WB
Date Announced 27 Jun 2023
Category Listing Information and Profile
Reference Number LIP-26062023-00001


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