Xidelang

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Profile for Securities of PLC

BackJul 08, 2015
Instrument Category Securities of PLC
Instrument Type Warrants
Description
Bonus issue of up to 501,139,441 warrants ("Warrant(s)") in XiDeLang Holdings Ltd ("XDL" or the "Company") on the basis of one (1) Warrant for every three (3) existing ordinary shares of USD0.03 each in XDL held at 5.00 p.m. on 1 July 2015 ("Entitlement Date")
Listing Date 09 Jul 2015
Issue Date 03 Jul 2015
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 440,639,689
Maturity Mandatory
Maturity Date 02 Jul 2018
Revised Maturity Date
Name of Guarantor
Name of Trustee
Coupon/Profit/Interest/Payment Rate
Coupon/Profit/Interest/Payment Frequency
Redemption
Exercise/Conversion Period 3.00   Year(s)
Revised Exercise/Conversion Period  
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.1150
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 Warrants may be exercised at any time within a period of three (3) years commencing from and including the date of issue of the Warrants to the close of business at 5.00 p.m. (Malaysian time) on the market day (means any day between Monday to Friday (both days included) on which Bursa Securities is open for the trading of securities) immediately preceding the third (3rd) anniversary of the date of issue of the Warrants ("Exercise Period"). 

Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid.

Each Warrant shall entitle the holder of the Warrants to subscribe for one (1) new Share at any time during the Exercise Period at the exercise price of RM0.115 per Warrant or the RM equivalent of the par value of the Shares, whichever is higher, or such price as adjusted, subject to the provisions and adjustments in accordance with provisions of the Deed Poll dated 17 June 2015.

This announcement is dated 8 July 2015.

 


Announcement Info

Company Name XIDELANG HOLDINGS LTD
Stock Name XDL
Date Announced 08 Jul 2015
Category Listing Information and Profile
Reference Number LIP-02072015-00013