Company: SPSETIA-CC:CW SP SETIA BHD(AM)
Stock Name: SPSETIA-CC
Amount/Ratio: 0 : 0
Announcement Date: 08/04/2011
Ex Date: 19/04/2011
Detail:
EX-date: 19/04/2011
Entitlement date: 21/04/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Bonus Issue
Entitlement description: ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SP SETIA BERHAD ("SPSETIA") ("SPSETIA-CC") PURSUANT TO THE BONUS ISSUE OF UP TO 665,059,057 NEW ORDINARY SHARES IN SPSETIA, ON THE BASIS OF ONE (1) NEW SPSETIA SHARE FOR EVERY TWO (2) EXISTING SPSETIA 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: 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: 21/04/2011
Entitlement indicator: Ratio
Ratio: 0 : 0
Remarks: (Unless otherwise defined in this announcement, the definitions contained in the announcement dated 19 January 2011 shall apply throughout this announcement)
The terms and conditions of the SPSETIA-CC shall be adjusted as set out in our announcement dated 19 January 2011.
The adjusted exercise price and exercise ratio for the SPSETIA-CC will take effect at 9.00 am on 19 April 2011, being the Ex-date for the Bonus Issue.
Please note that there will not be any new issuance of SPSETIA-CC on the Entitlement date pursuant to the Bonus Issue.
The terms and conditions of the SPSETIA-CC shall be correspondingly adjusted based on the formula as set below:
Exercise Price
Adjusted Exercise Price = __X__
(1+N)
where,
N = 0.5, being the number of new SPSETIA shares per existing SPSETIA share.
X = Existing exercise price insofar as it relates to SPSETIA immediately prior to the Bonus Issue.
Based on the above calculation, the exercise price of SPSETIA-CC will be adjusted from RM5.60 to RM3.73.
Exercise Ratio
Adjusted Exercise Ratio = (1+N) x E
where,
N = 0.5, being the number of new SPSETIA shares per existing SPSETIA share.
E = Existing exercise ratio insofar as it relates to SPSETIA immediately prior to the Bonus Issue.
Based on the above calculation, the exercise ratio of SPSETIA-CC will be adjusted from 0.1250 (8 SPSETIA-CC to 1 SPSETIA share) to 0.1875 (5.3333 SPSETIA-CC to 1 SPSETIA share).
Stock Name: SPSETIA-CC
Amount/Ratio: 0 : 0
Announcement Date: 08/04/2011
Ex Date: 19/04/2011
Detail:
EX-date: 19/04/2011
Entitlement date: 21/04/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Bonus Issue
Entitlement description: ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SP SETIA BERHAD ("SPSETIA") ("SPSETIA-CC") PURSUANT TO THE BONUS ISSUE OF UP TO 665,059,057 NEW ORDINARY SHARES IN SPSETIA, ON THE BASIS OF ONE (1) NEW SPSETIA SHARE FOR EVERY TWO (2) EXISTING SPSETIA 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: 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: 21/04/2011
Entitlement indicator: Ratio
Ratio: 0 : 0
Remarks: (Unless otherwise defined in this announcement, the definitions contained in the announcement dated 19 January 2011 shall apply throughout this announcement)
The terms and conditions of the SPSETIA-CC shall be adjusted as set out in our announcement dated 19 January 2011.
The adjusted exercise price and exercise ratio for the SPSETIA-CC will take effect at 9.00 am on 19 April 2011, being the Ex-date for the Bonus Issue.
Please note that there will not be any new issuance of SPSETIA-CC on the Entitlement date pursuant to the Bonus Issue.
The terms and conditions of the SPSETIA-CC shall be correspondingly adjusted based on the formula as set below:
Exercise Price
Adjusted Exercise Price = __X__
(1+N)
where,
N = 0.5, being the number of new SPSETIA shares per existing SPSETIA share.
X = Existing exercise price insofar as it relates to SPSETIA immediately prior to the Bonus Issue.
Based on the above calculation, the exercise price of SPSETIA-CC will be adjusted from RM5.60 to RM3.73.
Exercise Ratio
Adjusted Exercise Ratio = (1+N) x E
where,
N = 0.5, being the number of new SPSETIA shares per existing SPSETIA share.
E = Existing exercise ratio insofar as it relates to SPSETIA immediately prior to the Bonus Issue.
Based on the above calculation, the exercise ratio of SPSETIA-CC will be adjusted from 0.1250 (8 SPSETIA-CC to 1 SPSETIA share) to 0.1875 (5.3333 SPSETIA-CC to 1 SPSETIA share).
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