Profile for Securities of PLC
| Instrument Category | Securities of PLC |
| Instrument Type | Warrants |
| Description | Free detachable warrants (“Warrants”) issued pursuant to the Bonus Issue of Warrants (as defined below) |
| Listing Date | 05 Jan 2018 |
| Issue Date | 02 Jan 2018 |
| Issue/ Ask Price | Not Applicable |
| Issue Size Indicator | Unit |
| Issue Size in Unit | 40,950,000 |
| Maturity | Mandatory |
| Maturity Date | 30 Dec 2022 |
| 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) 0.3000 |
| 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 : |
| The Warrants are issued to the entitled shareholders of MESB Berhad (“MESB”) pursuant to the bonus issue of 40,950,000 free warrants in MESB (“Warrants”) on the basis of one (1) Warrant for every two (2) ordinary shares held in MESB after the Share Split at 5.00 p.m. on 27 December 2017 (“Bonus Issue of Warrants”).
Each Warrant carries the entitlement to subscribe for one (1) new MESB Share at the exercise price of RM0.30 and at any time including and commencing from the second anniversary of the issue date of the Warrants for three years (“Exercise Period”), subject to the adjustments in accordance with the provisions of the deed poll dated 13 December 2017 constituting the Warrants. Any Warrants not exercised during the exercise period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 4 January 2018. |