Description IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCK ("ICULS") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF RM48,361,671.80 NOMINAL VALUE OF FIVE (5)-YEAR, 0.10%, ICULS AT 100% OF ITS NOMINAL VALUE OF RM0.04 EACH ("RIGHTS ICULS") ON THE BASIS OF FIVE (5) RIGHTS ICULS FOR EVERY ONE (1) EXISTING ORDINARY SHARE IN YB VENTURES BERHAD ("YBVB") HELD AS AT 5.00 P.M. ON WEDNESDAY, 11 AUGUST 2021 Listing Date 10 Sep 2021 Issue Date 06 Sep 2021 Issue/ Ask Price Malaysian Ringgit (MYR) 0.0400 Issue Size in Currency Malaysian Ringgit (MYR) 48,361,671.8000 Maturity Mandatory Maturity Date 05 Sep 2026 Coupon/Profit/Interest/Payment Rate 0.10% per annum Coupon/Profit/Interest/Payment Frequency Annually Exercise/Conversion Period 5.00 Year(s) Exercise/Strike/Conversion Price Malaysian Ringgit (MYR) 0.4800 Revised Exercise/Strike/Conversion Price Not Applicable Exercise/Conversion Ratio 12:1 Mode of satisfaction of Exercise/ Conversion price Tendering of securities and/or cash
Remarks : Based on the conversion price of RM0.48 ("Conversion Price"), the ICULS may be converted into new YBVB Shares in the following manner:-
(i) by surrendering nominal value of ICULS equivalent to the Conversion Price; or
(ii) by surrendering such number of ICULS together with cash such that in aggregate it amounts to the Conversion Price, subject to a minimum of one (1) ICULS and paying the difference between the aggregate value of the ICULS surrendered and the Conversion Price in cash for one (1) new YBVB Share.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ (i) 12LA (ii) 1LA + 44sen
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....