Friday, June 4, 2010

SUPERMX-CC - Bonus Issue (0 : 0)

Stock Name: SUPERMX-CC
Company Name: SUPERMX-CC:CW SUPERMAX (OSK)
Amount/Ratio: 0 : 0
Announcement Date: 04/06/2010
Ex Date: 16/06/2010

Detail:

EX-date: 16/06/2010

Entitlement date: 18/06/2010

Entitlement time: 05:00:00 PM

Entitlement subject: Bonus Issue

Entitlement description: ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS OVER ORDINARY SHARES OF SUPERMAX CORPORATION BERHAD ("SUPERMX") ("SUPERMX-CC") PURSUANT TO THE BONUS ISSUE OF UP TO 71.4 MILLION NEW ORDINARY SHARES OF RM0.50 EACH IN SUPERMX ("SUPERMX SHARES") ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING SUPERMX SHARES HELD ("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: 18/06/2010

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 2009, the Entitlement and Exercise Price of the SUPERMX-CC will be adjusted for the Bonus Issue in accordance with the following formula:

1. Adjusted Entitlement = (1 + N) x E
= (1 + 0.25) x 0.1000
= 0.1250 (equivalent to Entitlement of 8 SUPERMX-CC per SUPERMX Share)

2. Adjusted Exercise Price = [1 / (1 + N)] x K
= [1 / (1 + 0.25)] x RM6.30
= RM5.04


Where

E: 0.1000, being the existing Entitlement immediately prior to the Bonus Issue (equivalent to Entitlement of 10 SUPERMX-CC per SUPERMX Share)

N: 0.25, 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: RM6.30, being the existing Exercise Price of SUPERMX-CC immediately prior to the Bonus Issue

The actual adjustments to the Exercise Price and Entitlement of the SUPERMX-CC shall take place on 16 June 2010 ("Ex-Date"), which is the first day of dealings in the SUPERMX on an ex-bonus basis.


This announcement is dated 4 June 2010.

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