Company: TAANN-CA:CW TA ANN HLDGS(AM)
Stock Name: TAANN-CA
Amount/Ratio: 0 : 0
Announcement Date: 31/05/2011
Ex Date: 14/06/2011
Detail:
EX-date: 14/06/2011
Entitlement date: 16/06/2011
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 TA ANN HOLDINGS BERHAD ("TAANN") ("TAANN SHARES") ("TAANN-CA") PURSUANT TO THE BONUS ISSUE OF UP TO 51,503,488 NEW ORDINARY SHARES OF RM1.00 EACH IN TAANN TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FIVE (5) EXISTING TAANN 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: 16/06/2011
Entitlement indicator: Ratio
Ratio: 0 : 0
Remarks: (Unless otherwise defined in this announcement, the definitions contained in the announcement dated 27 April 2011 shall apply throughout this announcement)
The terms and conditions of the TAANN-CA shall be adjusted as set out in our announcement dated 27 April 2011.
The adjusted exercise price and exercise ratio for the TAANN-CA will take effect at 9.00 am on 14 June 2011, being the Ex-date for the Bonus Issue.
Please note that there will not be any new issuance of TAANN-CA on the Entitlement Date pursuant to the Bonus Issue.
The terms and conditions of the TAANN-CA shall be correspondingly adjusted based on the formula as set below:
Exercise Price
Adjusted Exercise Price = X / (1+N)
where,
N = 0.2, being the number of new TAANN Shares per existing TAANN Share
X = RM4.98, being the existing Exercise Price of TAANN-CA immediately prior to the Bonus Issue
Based on the above calculation, the Exercise Price of TAANN-CA will be adjusted from RM4.98 to RM4.15
Exercise Ratio
Adjusted Exercise Ratio = (1+N) x E
where,
N = 0.2, being the number of new TAANN Shares per existing TAANN Share
E = 0.1, being the existing Exercise Ratio of TAANN-CA immediately prior to the Bonus Issue
Based on the above calculation, the Exercise Ratio of TAANN-CA will be adjusted from 0.10 (10 TAANN-CA to 1 TAANN Share) to 0.12 (8.3333 TAANN-CA to 1 TAANN Share)
Stock Name: TAANN-CA
Amount/Ratio: 0 : 0
Announcement Date: 31/05/2011
Ex Date: 14/06/2011
Detail:
EX-date: 14/06/2011
Entitlement date: 16/06/2011
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 TA ANN HOLDINGS BERHAD ("TAANN") ("TAANN SHARES") ("TAANN-CA") PURSUANT TO THE BONUS ISSUE OF UP TO 51,503,488 NEW ORDINARY SHARES OF RM1.00 EACH IN TAANN TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FIVE (5) EXISTING TAANN 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: 16/06/2011
Entitlement indicator: Ratio
Ratio: 0 : 0
Remarks: (Unless otherwise defined in this announcement, the definitions contained in the announcement dated 27 April 2011 shall apply throughout this announcement)
The terms and conditions of the TAANN-CA shall be adjusted as set out in our announcement dated 27 April 2011.
The adjusted exercise price and exercise ratio for the TAANN-CA will take effect at 9.00 am on 14 June 2011, being the Ex-date for the Bonus Issue.
Please note that there will not be any new issuance of TAANN-CA on the Entitlement Date pursuant to the Bonus Issue.
The terms and conditions of the TAANN-CA shall be correspondingly adjusted based on the formula as set below:
Exercise Price
Adjusted Exercise Price = X / (1+N)
where,
N = 0.2, being the number of new TAANN Shares per existing TAANN Share
X = RM4.98, being the existing Exercise Price of TAANN-CA immediately prior to the Bonus Issue
Based on the above calculation, the Exercise Price of TAANN-CA will be adjusted from RM4.98 to RM4.15
Exercise Ratio
Adjusted Exercise Ratio = (1+N) x E
where,
N = 0.2, being the number of new TAANN Shares per existing TAANN Share
E = 0.1, being the existing Exercise Ratio of TAANN-CA immediately prior to the Bonus Issue
Based on the above calculation, the Exercise Ratio of TAANN-CA will be adjusted from 0.10 (10 TAANN-CA to 1 TAANN Share) to 0.12 (8.3333 TAANN-CA to 1 TAANN Share)
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