BIOALPHA HOLDINGS BERHAD - IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES (ICPS) 2021/2026

KLSE (MYR): BIOHLDG-PA (0179PA)

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0.005

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Profile
BIOALPHA HOLDINGS BERHAD - IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES (ICPS) 2021/2026

Exchange:  Bursa Malaysia Bursa Malaysia

Country Code:  MY MY

Currency:  MYR MYR

Sector:  CONSUMER PRODUCTS & SERVICES CONSUMER PRODUCTS & SERVICES

Subsector:  FOOD& BEVERAGES FOOD& BEVERAGES

Index Group: 

Category:  PREFERENCE SHARES PREFERENCE SHARES

Syariah Flag:  No No

Short Sell Flag:  No No

IDSS Flag:  No No

Description

BIOALPHA HOLDINGS BERHAD ("BIOALPHA" OR THE "COMPANY") ISSUANCE OF NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN BIOALPHA ("ICPS") PURSUANT TO: (I) RENOUNCEABLE RIGHTS ISSUE OF 185,078,472 NEW ICPS ("RIGHTS ICPS") AT AN ISSUE PRICE OF RM0.02 EACH ON THE BASIS OF 1 RIGHTS ICPS FOR EVERY 6 EXISTING ORDINARY SHARES IN BIOALPHA ("BIOALPHA SHARES") HELD AS AT 5.00 P.M. ON 23 APRIL 2021; AND (II) PRIVATE PLACEMENT OF 272,000,000 NEW ICPS ("PLACEMENT ICPS") AT THE ISSUE PRICE OF RM0.02 PER PLACEMENT ICPS

Address

http://bioa.com.my/

Discussions
1 person likes this. Showing 4 of 4 comments

uchiha1

Hello.. anyone collecting??

2021-07-29 11:18

MaluNegaraKu

Wow. 25% drop

2022-07-14 10:06

MaluNegaraKu

Gila ! Drop 65%

2022-09-07 17:27

firehawk

The ICPS may be converted into new Bioalpha Shares based on the following conversion modes:
(1) Cashless Conversion by surrendering 11 ICPS for conversion into 1 new Bioalpha Share; or
(2) Cash Conversion by surrendering 1 ICPS and cash payment of RM0.20 for conversion into 1 new Bioalpha Share.

Premised on the terms of the ICPS, the ICPS can be converted into new Bioalpha Shares at any time within 5 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 Bioalpha Shares at the conversion ratio of 11 ICPS for 1 new Bioalpha Share.

If the conversion results in a fractional entitlement to Bioalpha 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.

This announcement is dated 27 May 2021.

2023-03-02 21:36

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