Stock Name: TOPGLOV-CA
Company Name: TOPGLOV-CA: CW TOP GLOVE (O)
Amount/Ratio: 0 : 0
Announcement Date: 25/06/2010
Ex Date: 16/07/2010
Detail:
EX-date: 16/07/2010
Entitlement date: 20/07/2010
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 TOP GLOVE CORPORATION BERHAD ("TOPGLOV") ("TOPGLOV-CA") PURSUANT TO THE BONUS ISSUE OF UP TO 348,013,000 NEW ORDINARY SHARES OF RM0.50 EACH IN TOPGLOV ("TOPGLOVE SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY ONE (1) EXISTING SHARE HELD ON 20 JULY 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: 20/07/2010
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 Exercise Price and Entitlement of the TOPGLOV-CA will be adjusted for the Bonus Issue in accordance with the following formula:
1. Adjusted Entitlement = (1 + N) x E
= (1 + 1) x 0.1000
= 0.02 (equivalent to Exercise Ratio of 5 TOPGLOV-CA per TOPGLOV Share)
2. Adjusted Exercise Price = [1 / (1 + N)] x K
= [1 / (1 + 1)] x RM10.00
= RM5.00
Where
E: 0.1000, being the existing Entitlement immediately prior to the Bonus Issue (equivalent to entitlement of 10 TOPGLOV-CA per TOPGLOV 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: RM10.00, being the existing Exercise Price of TOPGLOV-CA immediately prior to the Bonus Issue
The actual adjustments to the Exercise Price and Entitlement of the TOPGLOV-CA shall take place on 16 July 2010 ("Ex-Date"), which is the first day of dealings in the TOPGLOV on an ex-bonus basis.
This announcement is dated 25 June 2010.
Company Name: TOPGLOV-CA: CW TOP GLOVE (O)
Amount/Ratio: 0 : 0
Announcement Date: 25/06/2010
Ex Date: 16/07/2010
Detail:
EX-date: 16/07/2010
Entitlement date: 20/07/2010
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 TOP GLOVE CORPORATION BERHAD ("TOPGLOV") ("TOPGLOV-CA") PURSUANT TO THE BONUS ISSUE OF UP TO 348,013,000 NEW ORDINARY SHARES OF RM0.50 EACH IN TOPGLOV ("TOPGLOVE SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY ONE (1) EXISTING SHARE HELD ON 20 JULY 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: 20/07/2010
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 Exercise Price and Entitlement of the TOPGLOV-CA will be adjusted for the Bonus Issue in accordance with the following formula:
1. Adjusted Entitlement = (1 + N) x E
= (1 + 1) x 0.1000
= 0.02 (equivalent to Exercise Ratio of 5 TOPGLOV-CA per TOPGLOV Share)
2. Adjusted Exercise Price = [1 / (1 + N)] x K
= [1 / (1 + 1)] x RM10.00
= RM5.00
Where
E: 0.1000, being the existing Entitlement immediately prior to the Bonus Issue (equivalent to entitlement of 10 TOPGLOV-CA per TOPGLOV 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: RM10.00, being the existing Exercise Price of TOPGLOV-CA immediately prior to the Bonus Issue
The actual adjustments to the Exercise Price and Entitlement of the TOPGLOV-CA shall take place on 16 July 2010 ("Ex-Date"), which is the first day of dealings in the TOPGLOV on an ex-bonus basis.
This announcement is dated 25 June 2010.
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