Monday, May 10, 2010

CIMB-CH - Bonus Issue (0 : 0)

Stock Name: CIMB-CH
Company Name: CIMB-CH:CW CIMB GROUP HLDG(O)
Amount/Ratio: 0 : 0
Announcement Date: 10/05/2010
Ex Date: 19/05/2010

Detail:

EX-date: 19/05/2010

Entitlement date: 21/05/2010

Entitlement time: 05:00:00 PM

Entitlement subject: Bonus Issue

Entitlement description: ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF CIMB GROUP HOLDINGS BERHAD (FORMERLY KNOWN AS BUMIPUTRA-COMMERCE HOLDINGS BERHAD (“CIMB”) (“CIMB-CH”) PURSUANT TO THE BONUS ISSUE OF UP TO 3,582,387,823 NEW ORDINARY SHARES OF RM1.00 EACH IN CIMB (“CIMB SHARE(S)”) TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) NEW CIMB SHARE FOR EVERY ONE (1) EXISTING CIMB SHARE HELD AT 5.00 P.M. ON 21 MAY 2010 (“BONUS ISSUE”)

Period of interest payment: to

Share transfer book & register of members will be: to closed from (both dates inclusive) for the purpose of determining the entitlements

Registrar's name ,address, telephone no: Symphony Share Registrars Sdn Bhd
Level 6, Symphony House
Block D13, Pusat Dagangan Dana 1
Jalan PJU 1A/46
47300 Petaling Jaya, Selangor
Tel. no.: (03) 7481 8000

a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 21/05/2010

Entitlement indicator: Ratio

Ratio: 0 : 0

Remarks: In accordance with Condition B3.1 – Adjustment of Exercise Price and Entitlement to the Second Schedule of the Deed Poll dated 3 December 2008, the Exercise Price and Entitlement of the CIMB-CH will be adjusted for the Bonus Issue in accordance with the following formula:

1. Adjusted Entitlement = (1 + N) x E
= (1 + 1) x 0.05
= 0.10 (equivalent to entitlement of 10 CIMB-CH per CIMB Share)

2. Adjusted Exercise Price = [1 / (1 + N)] x K
= [1 / (1 + 1)] x RM12.80
= RM6.40


Where

E: 0.05, being the existing Entitlement immediately prior to the Bonus Issue (equivalent to entitlement of 20 CIMB-CH per CIMB Share)

N: 1, being the number of additional shares (whether a whole or a fraction) received by a holder of existing shares for each share held prior to the Bonus Issue

K: RM12.80, being the existing Exercise Price of CIMB-CH immediately prior to the Bonus Issue

The actual adjustments to the Exercise Price and Entitlement of the CIMB-CH shall take place on 19 May 2010 (“Ex-Date”), which is the first day of dealings in the CIMB on an ex-bonus basis.


This announcement is dated 10 May 2010.

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