Company: SPSETIA-CE:CW SP SETIA BHD(O)
Stock Name: SPSETIA-CE
Amount/Ratio: 0 : 0
Announcement Date: 07/04/2011
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: ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS OVER ORDINARY SHARES OF S P SETIA BERHAD ("SPSETIA") ("SPSETIA-CE") PURSUANT TO THE BONUS ISSUE OF UP TO 665,059,057 NEW ORDINARY SHARES OF RM0.75 EACH IN S P SETIA BERHAD ("SPSETIA SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) EXISTING SHARE HELD ON 21 APRIL 2011 ("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: 21/04/2011
Entitlement indicator: Ratio
Ratio: 0 : 0
Remarks: In accordance with Condition B3.1 - Adjustment of Entitlement and Exercise Price of the Deed Poll dated 13 December 2010, the Exercise Price and Entitlement of the SPSETIA-CE will be adjusted for the Bonus Issue in accordance with the following formula:
1. Adjusted Entitlement = (1 + N) x E
= (1 + 0.5) x 0.1667
= 0.25 (equivalent to Exercise Ratio of 4 SPSETIA-CE per SPSETIA Share)
2. Adjusted Exercise Price = [1 / (1 + N)] x K
= [1 / (1 + 0.5)] x RM6.10
= RM4.067
Where
E: 0.1667, being the existing Entitlement immediately prior to the Bonus Issue (equivalent to entitlement of 6 SPSETIA-CE per SPSETIA Share)
N: 0.5, 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: RM6.10, being the existing Exercise Price of SPSETIA-CE immediately prior to the Bonus Issue
The actual adjustments to the Exercise Price and Entitlement of the SPSETIA-CE shall take place on 19 April 2011("Ex-Date"), which is the first day of dealings in the SPSETIA on an ex-bonus basis.
This announcement is dated 7 April 2011.
Stock Name: SPSETIA-CE
Amount/Ratio: 0 : 0
Announcement Date: 07/04/2011
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: ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS OVER ORDINARY SHARES OF S P SETIA BERHAD ("SPSETIA") ("SPSETIA-CE") PURSUANT TO THE BONUS ISSUE OF UP TO 665,059,057 NEW ORDINARY SHARES OF RM0.75 EACH IN S P SETIA BERHAD ("SPSETIA SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) EXISTING SHARE HELD ON 21 APRIL 2011 ("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: 21/04/2011
Entitlement indicator: Ratio
Ratio: 0 : 0
Remarks: In accordance with Condition B3.1 - Adjustment of Entitlement and Exercise Price of the Deed Poll dated 13 December 2010, the Exercise Price and Entitlement of the SPSETIA-CE will be adjusted for the Bonus Issue in accordance with the following formula:
1. Adjusted Entitlement = (1 + N) x E
= (1 + 0.5) x 0.1667
= 0.25 (equivalent to Exercise Ratio of 4 SPSETIA-CE per SPSETIA Share)
2. Adjusted Exercise Price = [1 / (1 + N)] x K
= [1 / (1 + 0.5)] x RM6.10
= RM4.067
Where
E: 0.1667, being the existing Entitlement immediately prior to the Bonus Issue (equivalent to entitlement of 6 SPSETIA-CE per SPSETIA Share)
N: 0.5, 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: RM6.10, being the existing Exercise Price of SPSETIA-CE immediately prior to the Bonus Issue
The actual adjustments to the Exercise Price and Entitlement of the SPSETIA-CE shall take place on 19 April 2011("Ex-Date"), which is the first day of dealings in the SPSETIA on an ex-bonus basis.
This announcement is dated 7 April 2011.
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