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01 Nov 2010

Listing Information & Profile
Reference No MM-101101-61735

Submitting Merchant Bank
:
MIMB INVESTMENT BANK BERHAD  
Company Name
:
MALAYSIA STEEL WORKS (KL) BHD   
Stock Name
:
MASTEEL-WA  
Date Announced
:
01/11/2010  

Instrument Type
:
Warrants
Description
:
Warrants issued pursuant to the Warrants Issue
Listing Date
:
02/11/2010
Issue Date
:
27/10/2010
Issue/ Ask Price
:
MYR 0.1800
Issue Size Indicator
:
Unit
Issue Size in Unit
:
105,378,333
Maturity Date
:
26/10/2015
Revised Maturity Date
:
Exercise/ Conversion Period
:
5.00 Year(s)
Revised Exercise/ Conversion Period
:
Exercise/Strike/Conversion Price
:
MYR 0.6700
Revised Exercise/Strike/Conversion Price
:
MYR 0.0000
Exercise/ Conversion Ratio
:
1 Warrant : 1 Masteel Share
Revised Exercise/ Conversion Ratio
:
Mode of satisfaction of Exercise/ Conversion price
:
Cash
Settlement Type/ Convertible into
:
Physical (Shares)

Remarks :
The Warrants are issued pursuant to the renounceable rights issue of 105,378,333 Warrants on the basis of one (1) Warrant for every two (2) existing ordinary shares of RM0.50 each in Masteel held at 5.00 p.m. on 4 October 2010 at an issue price of RM0.18 per Warrant. 

Each Warrant carries the entitlement to subscribe for one (1) new ordinary share of RM0.50 each in Masteel at the exercise price which shall be satisfied in cash. The exercise price may from time to time be adjusted in accordance with the provisions of the deed poll dated 24 September 2010. The Warrants may be exercised at any time during the exercise period. Any Warrant not exercised during the exercise period will thereafter lapse and cease to be valid for any purpose.


For consistency, the abbreviations used above are the same as those previously defined in the Company's announcement dated 18 May 2010.

This announcement is dated 1 November 2010.

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