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Profile for Securities of PLC

TRIVE PROPERTY GROUP BERHAD

Instrument Category Securities of PLC
Instrument Type Warrants
Description
FREE DETACHABLE WARRANTS IN TRIVE PROPERTY GROUP BERHAD ("TRIVE") ("WARRANTS C") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 911,028,120 NEW ORDINARY SHARES IN TRIVE ("TRIVE SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.11 PER RIGHTS SHARE TOGETHER WITH UP TO 531,433,070 FREE DETACHABLE WARRANTS C ON THE BASIS OF 12 RIGHTS SHARES TOGETHER WITH 7 FREE WARRANTS C FOR EVERY 2 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF TRIVE AT 5.00 P.M. ON 21 JANUARY 2021
Listing Date 24 Feb 2021
Issue Date 18 Feb 2021
Issue/ Ask Price Not Applicable
Issue Size Indicator Unit
Issue Size in Unit 526,509,027
Maturity Mandatory
Maturity Date 17 Feb 2024
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)   0.1100
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 :
Each Warrant C carries the entitlement to subscribe for 1 new Share at the exercise price of RM0.11 at any time during the exercise period (as indicated above) ("Exercise Period"), subject to any adjustments that may be made from time to time in accordance with the provisions of the deed poll constituting the Warrants C dated 6 January 2021. Any Warrant C not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose and shall be cancelled and treated to have been cancelled forthwith.

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

This announcement is dated 23 February 2021.


Announcement Info

Company Name TRIVE PROPERTY GROUP BERHAD
Stock Name TRIVE-WC
Date Announced 23 Feb 2021
Category Listing Information and Profile
Reference Number LIP-22022021-00001




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