Stock Name: TENAGA-CP
Company Name: TENAGA-CP:CW TNB (O)
Amount/Ratio: 0 : 0
Announcement Date: 21/12/2010
Ex Date: 31/12/2010
Detail:
EX-date: 31/12/2010
Entitlement date: 04/01/2011
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 TENAGA NATIONAL BERHAD ("TENAGA") ("TENAGA-CP") PURSUANT TO THE BONUS ISSUE OF UP TO 1,119,088,296 NEW ORDINARY SHARES OF RM1.00 EACH ("SHARE(S)") IN TENAGA ("BONUS SHARES") TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING SHARES HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("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: 04/01/2011
Entitlement indicator: Ratio
Ratio: 0 : 0
Remarks: We refer to the announcement by TENAGA dated 26 August 2010 and 20 December 2010 in relation to the Bonus Issue.
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 TENAGA-CP will be adjusted for the Bonus Issue in accordance with the following formula:
1. Adjusted Entitlement = (1 + N) x E
= (1 + 0.25) x 0.10
= 0.1250 (equivalent to Exercise Ratio of 8 TENAGA-CP per TENAGA Share)
2. Adjusted Exercise Price = [1 / (1 + N)] x K
= [1 / (1 + 0.25)] x RM7.80
= RM6.24
Where
E: 0.10, being the existing Entitlement immediately prior to the Bonus Issue (equivalent to entitlement of 10 TENAGA-CP per TENAGA 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: RM7.80, being the existing Exercise Price of TENAGA-CP immediately prior to the Bonus Issue
The actual adjustments to the Exercise Price and Entitlement of the TENAGA-CP shall take place on 31 December 2010 ("Ex-Date"), which is the first day of dealings in the TENAGA on an ex-bonus basis.
This announcement is dated 21 December 2010.
Company Name: TENAGA-CP:CW TNB (O)
Amount/Ratio: 0 : 0
Announcement Date: 21/12/2010
Ex Date: 31/12/2010
Detail:
EX-date: 31/12/2010
Entitlement date: 04/01/2011
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 TENAGA NATIONAL BERHAD ("TENAGA") ("TENAGA-CP") PURSUANT TO THE BONUS ISSUE OF UP TO 1,119,088,296 NEW ORDINARY SHARES OF RM1.00 EACH ("SHARE(S)") IN TENAGA ("BONUS SHARES") TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING SHARES HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("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: 04/01/2011
Entitlement indicator: Ratio
Ratio: 0 : 0
Remarks: We refer to the announcement by TENAGA dated 26 August 2010 and 20 December 2010 in relation to the Bonus Issue.
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 TENAGA-CP will be adjusted for the Bonus Issue in accordance with the following formula:
1. Adjusted Entitlement = (1 + N) x E
= (1 + 0.25) x 0.10
= 0.1250 (equivalent to Exercise Ratio of 8 TENAGA-CP per TENAGA Share)
2. Adjusted Exercise Price = [1 / (1 + N)] x K
= [1 / (1 + 0.25)] x RM7.80
= RM6.24
Where
E: 0.10, being the existing Entitlement immediately prior to the Bonus Issue (equivalent to entitlement of 10 TENAGA-CP per TENAGA 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: RM7.80, being the existing Exercise Price of TENAGA-CP immediately prior to the Bonus Issue
The actual adjustments to the Exercise Price and Entitlement of the TENAGA-CP shall take place on 31 December 2010 ("Ex-Date"), which is the first day of dealings in the TENAGA on an ex-bonus basis.
This announcement is dated 21 December 2010.
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