Company: QL-CA:CW QL RESOURCES (AM)
Stock Name: QL-CA
Amount/Ratio: 0 : 0
Announcement Date: 25/01/2011
Ex Date: 08/02/2011
Detail:
EX-date: 08/02/2011
Entitlement date: 10/02/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF QL RESOURCES BERHAD ("QL") ("QL-CA") PURSUANT TO THE SUBDIVISION OF EVERY EXISTING ONE (1) ORDINARY SHARE OF RM0.50 EACH IN QL INTO TWO (2) ORDINARY SHARES OF RM0.25 EACH IN QL ("QL SHARE (S)") ("SHARE SPLIT")
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: Tricor Investor Services Sdn Bhd
Level 17, The Gardens North Tower
Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur
Malaysia
Tel : 03-2264 3883
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 10/02/2011
Entitlement indicator: Ratio
Ratio: 0 : 0
Remarks: We refer to our announcement dated 8 November 2010.
The terms and conditions of the QL-CA shall be adjusted accordingly.
The Ex-date and entitlement date for the Share Split will be 8 February 2011 and 10 February 2011 respectively. The adjusted Exercise Price and Exercise Ratio for the QL-CA will take effect at 9.00 am on 8 February 2011, being the Ex-date for the Share Split.
Please note that there will not be any new issuance of QL-CA on the entitlement date pursuant to the Share Split.
The terms and conditions of the QL-CA shall be correspondingly adjusted based on the formula as set below:
Exercise Price
The exercise price for the QL-CA will be adjusted as determined by the following formula:
Adjusted Exercise Price = 1 / N x X
where,
N = 2/1, being the number of new QL shares per existing share
X = Existing exercise price insofar as it relates to QL immediately prior to the Share Split.
Based on the above calculation, the Exercise Price of QL-CA will be adjusted from RM4.50 to RM2.25.
Exercise Ratio
The exercise ratio for the QL-CA will be adjusted as determined by the following formula:
Adjusted Exercise Ratio = 1 / N x E
where,
N = 2/1, being the number of new QL shares per existing share
E = Existing exercise ratio insofar as it relates to QL immediately prior to the Share Split.
Based on the above calculation, the Exercise Ratio of QL-CA will be adjusted from 0.1667 (6 QL-CA to 1 QL share) to 0.3333 (3 QL-CA to 1 QL share).
Stock Name: QL-CA
Amount/Ratio: 0 : 0
Announcement Date: 25/01/2011
Ex Date: 08/02/2011
Detail:
EX-date: 08/02/2011
Entitlement date: 10/02/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF QL RESOURCES BERHAD ("QL") ("QL-CA") PURSUANT TO THE SUBDIVISION OF EVERY EXISTING ONE (1) ORDINARY SHARE OF RM0.50 EACH IN QL INTO TWO (2) ORDINARY SHARES OF RM0.25 EACH IN QL ("QL SHARE (S)") ("SHARE SPLIT")
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: Tricor Investor Services Sdn Bhd
Level 17, The Gardens North Tower
Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur
Malaysia
Tel : 03-2264 3883
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 10/02/2011
Entitlement indicator: Ratio
Ratio: 0 : 0
Remarks: We refer to our announcement dated 8 November 2010.
The terms and conditions of the QL-CA shall be adjusted accordingly.
The Ex-date and entitlement date for the Share Split will be 8 February 2011 and 10 February 2011 respectively. The adjusted Exercise Price and Exercise Ratio for the QL-CA will take effect at 9.00 am on 8 February 2011, being the Ex-date for the Share Split.
Please note that there will not be any new issuance of QL-CA on the entitlement date pursuant to the Share Split.
The terms and conditions of the QL-CA shall be correspondingly adjusted based on the formula as set below:
Exercise Price
The exercise price for the QL-CA will be adjusted as determined by the following formula:
Adjusted Exercise Price = 1 / N x X
where,
N = 2/1, being the number of new QL shares per existing share
X = Existing exercise price insofar as it relates to QL immediately prior to the Share Split.
Based on the above calculation, the Exercise Price of QL-CA will be adjusted from RM4.50 to RM2.25.
Exercise Ratio
The exercise ratio for the QL-CA will be adjusted as determined by the following formula:
Adjusted Exercise Ratio = 1 / N x E
where,
N = 2/1, being the number of new QL shares per existing share
E = Existing exercise ratio insofar as it relates to QL immediately prior to the Share Split.
Based on the above calculation, the Exercise Ratio of QL-CA will be adjusted from 0.1667 (6 QL-CA to 1 QL share) to 0.3333 (3 QL-CA to 1 QL share).
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