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  682pujut2b https://www.klsescreener.com/v2/announcements/view/3131938 AGESON BERHAD Instrument Category Securities of PLC Instrument Type Preference Shares Description i. Issuance of new irredeemable convertible preference shares in Ageson Berhad (formerly known as Prinsiptek Corporation Berhad) ("Ageson") ("ICPS") to the entitled shareholders of Ageson pursuant to the renounceable rights issue of 3,860,754,392 new ICPS on the basis of 13 ICPS for every 1 existing ordinary share in Ageson held as at 5.00 p.m. on Wednesday, 19 February 2020 at an issue price of RM0.01 per ICPS; and ii. Issuance of 750,000,000 ICPS to Daya Intelek Usahasama Sdn Bhd for the acquisition by Prinsiptek Properties Sdn Bhd, a wholly-owned subsidiary company of Ageson, of a parcel of development land measuring 7,395 square metres identified as Lot No. PT 129 held under Title No. H.S.(D) 18991, Section 1, Town of Batu Ferringi, District of Timor Laut, Pulau Pinang for a purchase consideration of RM57.00 million to be satisfied via combination of RM49.50 million in cash and RM7.50 million in issuance and allotment of 750,000,000 ICPS at an issue price of RM0.01 per ICPS Listing Date 19 Mar 2020 Issue Date 11 Mar 2020 Issue/ Ask Price Malaysian Ringgit (MYR) 0.0100 Issue Size Indicator Unit Issue Size in Unit 4,610,754,392 Maturity Mandatory Maturity Date 10 Mar 2030 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 10.00 Year(s) Revised Exercise/Conversion Period Not Applicable Exercise/Strike/Conversion Price Malaysian Ringgit (MYR) 0.1300 Revised Exercise/Strike/Conversion Price Not Applicable Exercise/Conversion Ratio 13:1 Revised Exercise/Conversion Ratio Not Applicable Mode of satisfaction of Exercise/ Conversion price Tendering of securities Settlement Type/ Convertible into Physical (Shares) 19/05/2020 2:51 PM 682pujut2b Remarks : The ICPS can be converted into new Ageson Shares at the conversion price of RM0.13 ("Conversion Price") in the following manner: i. by surrendering 13 ICPS to be converted into 1 new Ageson Share; or ii. a combination of such number of ICPS and cash with an aggregate value equal to the Conversion Price, subject to a minimum of 1 ICPS surrendered, and paying the difference between the aggregate value of the ICPS surrendered and the Conversion Price in cash for 1 new Ageson Share. Premised on the terms of the ICPS, the ICPS can be converted into new Ageson Shares at any time within 10 years commencing on and including the date of issue of the ICPS up to and including the maturity date (as indicated above), as determined by the conversion ratio and Conversion Price. Any remaining ICPS that are not converted by the maturity date shall be automatically converted into new Ageson Shares at the conversion ratio of 13 ICPS for 1 new Ageson Share. If the conversion results in a fractional entitlement to Ageson Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of the ICPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement. If the maturity date of the ICPS falls on a non-market day, then it will fall on the preceding market day. This announcement is dated 18 March 2020. 19/05/2020 3:07 PM 682pujut2b In the scenario when all the PA are converted, AGES would successfully raise an additional RM550m of share capital from the PA conversion at 12 cents + 1 PA (issued at 1 cent). This would be essential for AGES to undertake very large projects. 22/05/2020 7:34 AM calvinteo Noticed huge volume transacted from 2.30pm at 0.03 sen n likely can achieved 100M transacted today. Demand > supplier now n sellers q become lesser n lesser for 3.5 sen onward. For conversion, PA (3 sen ) + 12 sen (conversion price) = 15 sen n imo still higher safety of margin as mother price currently trade around 16 sen despite 10 years duration for conversion. May be it is a good signal for pre-Hari Raya ang pow preparation? Note: TAYOR 22/05/2020 4:08 PM  EagleEye hey guys, unrelated to this counter, on a side note, this news below might trigger this counter, maybe can go for a quick bite. Orion (0079) https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3052644 23/05/2020 1:46 AM  SingInvestor Expiry date still long way to go so buy and keep inside a safe box and open it 5 yrs later may become Gold bar. ;-) 27/05/2020 7:26 PM 11055011 Wow You will become Millionaire if become $1. YoungTycoonWILL Every step by step +0.05 i earn 10k :D 06/06/2020 4:44 PM USHER I more prefer this type of silently moving up...... At least not so hot & gradually moving higher with long lasting...... 10/06/2020 12:16 PM TheNobbies what is the different - PA preference share compare to the ordinary mother share ya 26/06/2020 12:29 PM wjc4195 TheNobbies answer to your question. https://www.youtube.com/watch?v=_rvKqbBlg8M 30/07/2020 3:58 AM wjc4195 stock is not rock its a feather fly down fly up dont worry buy sell at each wind blow sure make money 12/08/2020 10:43 AM Uncleliewisthebest https://aisahbintimohdliew.blogspot.com/2020/08/part-tiga-ageson-financial-analysis.html?m=1 01/09/2020 10:19 AM  Michael Kwok Last time I play warrant if the company got potential its up big.This time I play Ages-Preference shares.Putting rm 20k.Seing the company increase in profit 3 consecutive quarter.Got Ong. 03/11/2020 6:00 PM  yykyy Micheal kwok, can I know what price you in please? and tp for this PA, thanks! 15/11/2020 10:01 PM Michael Kwok Just wait.It will move.One thing this preference shares on 10 years. 22/11/2020 11:14 PM BLee Saw a gap between AGES-PA and mother, mother added 2 sen and daughter half sen. Bought AGES-PA and now holding both.. 03/12/2020 5:00 PM BLee Mother AGES moving far ahead of daughter AGES-PA in price and volume, daughter shall run faster..will turn into mother one fine day. Added more daughters AGES-PA for the mother and daughters race. Happy Trading 08/12/2020 11:54 AM  |
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