EG PA oh EG PA

Worth to invest???

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 

2 comments

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