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Profile for Securities of PLC

EITA RESOURCES BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
BONUS ISSUE OF UP TO 86,666,666 FREE WARRANTS IN EITA RESOURCES BERHAD ("EITA") ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 3 ORDINARY SHARES IN EITA HELD AT 5:00PM ON 29 JANUARY 2021 AFTER THE BONUS ISSUE OF SHARES
Listing Date 10 Feb 2021
Issue Date 03 Feb 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 86,665,951
Maturity Mandatory
Maturity Date 02 Feb 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 Not Applicable
Exercise/Conversion Period 3.00   Year(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.7000
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 EITA Share at any time during the exercise period as indicated above ("Exercise Period") at the exercise price of RM0.70, subject to adjustments in accordance with the provisions of the deed poll constituting the Warrants dated 15 January 2021. Any Warrants which are not exercised during the Exercise Period will thereafter lapse and cease to be valid and shall be cancelled and treated to have been cancelled forthwith. 

If the maturity date of the Warrants falls on a non-market day, then it will be deemed to fall on the market day preceding the said non-market day.

This announcement is dated 9 February 2021.


Announcement Info

Company Name EITA RESOURCES BERHAD
Stock Name EITA-WA
Date Announced 09 Feb 2021
Category Listing Information and Profile
Reference Number LIP-08022021-00001




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