Company: CITIGRP-C5:CW CITIGRP INC(OSK)
Stock Name: CITIGRP-C5
Amount/Ratio: 0 : 0
Announcement Date: 04/05/2011
Ex Date: 05/05/2011
Detail:
EX-date: 05/05/2011
Entitlement date: 09/05/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS OVER COMMON STOCKS OF CITIGROUP INC. ("CITIGRP") ("CITIGRP-C5") PURSUANT TO THE REVERSE STOCK SPLIT AT A RATIO OF 1-FOR-10 COMMON STOCKS IN CITIGRP HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("REVERSE STOCK 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: 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: 09/05/2011
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 13 December 2010, the Entitlement and Exercise Price of the CITIGRP-C5 are adjusted for the Reversed Stock Split in accordance with the following formula:
1. Adjusted Entitlement = (1 - N) x E
= (1 - 0.90) x 0.06667
= 0.006667 (equivalent to Exercise Ratio of 150 CITIGRP-C5 per CITIGRP common stock)
2. Adjusted Exercise Price = [1 / (1-N)] x k
= [1 / (1 - 0.90)] x USD5.00
= USD50.00
Where
E: 0.06667, being the existing Entitlement immediately prior to the Reverse Stock Split (equivalent to entitlement of 15 CITIGRP-C5 per CITIGRP Share)
N: 0.90, being the number of CITIGRP common stocks reduced for each CITIGRP common stock held prior to the Reverse Stock Split
K: USD5.00, being the existing Exercise Price of CITIGRP-C5 immediately prior to the Reverse Stock Split
The actual adjustments to the Exercise Price and Entitlement of the CITIGRP-C5 shall take place on 10 May 2010 ("Ex-Date"), which is the day after commencement of trading in the CITIGRP on split-adjusted basis on the New York Stock Exchange.
This announcement is dated 4 May 2011.
Stock Name: CITIGRP-C5
Amount/Ratio: 0 : 0
Announcement Date: 04/05/2011
Ex Date: 05/05/2011
Detail:
EX-date: 05/05/2011
Entitlement date: 09/05/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS OVER COMMON STOCKS OF CITIGROUP INC. ("CITIGRP") ("CITIGRP-C5") PURSUANT TO THE REVERSE STOCK SPLIT AT A RATIO OF 1-FOR-10 COMMON STOCKS IN CITIGRP HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("REVERSE STOCK 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: 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: 09/05/2011
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 13 December 2010, the Entitlement and Exercise Price of the CITIGRP-C5 are adjusted for the Reversed Stock Split in accordance with the following formula:
1. Adjusted Entitlement = (1 - N) x E
= (1 - 0.90) x 0.06667
= 0.006667 (equivalent to Exercise Ratio of 150 CITIGRP-C5 per CITIGRP common stock)
2. Adjusted Exercise Price = [1 / (1-N)] x k
= [1 / (1 - 0.90)] x USD5.00
= USD50.00
Where
E: 0.06667, being the existing Entitlement immediately prior to the Reverse Stock Split (equivalent to entitlement of 15 CITIGRP-C5 per CITIGRP Share)
N: 0.90, being the number of CITIGRP common stocks reduced for each CITIGRP common stock held prior to the Reverse Stock Split
K: USD5.00, being the existing Exercise Price of CITIGRP-C5 immediately prior to the Reverse Stock Split
The actual adjustments to the Exercise Price and Entitlement of the CITIGRP-C5 shall take place on 10 May 2010 ("Ex-Date"), which is the day after commencement of trading in the CITIGRP on split-adjusted basis on the New York Stock Exchange.
This announcement is dated 4 May 2011.
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