Company: BSTEAD-CA:CW BOUSTEAD HLD -OSK
Stock Name: BSTEAD-CA
Amount/Ratio: 0 : 0
Announcement Date: 28/12/2011
Ex Date: 06/01/2012
Detail:
EX-date: 06/01/2012
Entitlement date: 10/01/2012
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 Boustead Holdings Berhad ("BHB") ("BSTEAD-CA") pursuant to bonus issue of up to 94,016,250 new ordinary shares of RM0.50 each in BHB ("BHB Share(s)") ("BHB Bonus Share(s)") on the basis of one (1) BHB Bonus Share for every ten (10) existing BHB Shares ("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
Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Malaysia
Tel. no.: (03) 7841 8000
Helpdesk Tel: +603 - 7849 0777
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 10/01/2012
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 BSTEAD-CA will be adjusted for the Bonus Issue in accordance with the following formula:
1. Adjusted Entitlement = (1 + N) x E
= (1 + 0.1000) x 0.16667
= 0.1833 (equivalent to Exercise Ratio of 5.45 BSTEAD-CA per BHB Share)
2. Adjusted Exercise Price = [1 / (1 + N)] x K
= [1 / (1 + 0.1000)] x RM5.60
= RM5.09
Where
E: 0.16667, being the existing Entitlement immediately prior to the Proposed Bonus Issue (equivalent to entitlement of 6 BSTEAD-CA per BHB Share)
N: 0.1000 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 Proposed Bonus Issue
K: RM5.60, being the existing Exercise Price of BSTEAD-CA immediately prior to the Proposed Bonus Issue
The actual adjustments to the Exercise Price and Entitlement of the BSTEAD-CA shall take place on 6 January 2012 ("Ex-Date"), which is the first day of dealings in the BHB on an ex-bonus basis.
This announcement is dated 28 December 2011
Stock Name: BSTEAD-CA
Amount/Ratio: 0 : 0
Announcement Date: 28/12/2011
Ex Date: 06/01/2012
Detail:
EX-date: 06/01/2012
Entitlement date: 10/01/2012
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 Boustead Holdings Berhad ("BHB") ("BSTEAD-CA") pursuant to bonus issue of up to 94,016,250 new ordinary shares of RM0.50 each in BHB ("BHB Share(s)") ("BHB Bonus Share(s)") on the basis of one (1) BHB Bonus Share for every ten (10) existing BHB Shares ("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
Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Malaysia
Tel. no.: (03) 7841 8000
Helpdesk Tel: +603 - 7849 0777
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 10/01/2012
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 BSTEAD-CA will be adjusted for the Bonus Issue in accordance with the following formula:
1. Adjusted Entitlement = (1 + N) x E
= (1 + 0.1000) x 0.16667
= 0.1833 (equivalent to Exercise Ratio of 5.45 BSTEAD-CA per BHB Share)
2. Adjusted Exercise Price = [1 / (1 + N)] x K
= [1 / (1 + 0.1000)] x RM5.60
= RM5.09
Where
E: 0.16667, being the existing Entitlement immediately prior to the Proposed Bonus Issue (equivalent to entitlement of 6 BSTEAD-CA per BHB Share)
N: 0.1000 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 Proposed Bonus Issue
K: RM5.60, being the existing Exercise Price of BSTEAD-CA immediately prior to the Proposed Bonus Issue
The actual adjustments to the Exercise Price and Entitlement of the BSTEAD-CA shall take place on 6 January 2012 ("Ex-Date"), which is the first day of dealings in the BHB on an ex-bonus basis.
This announcement is dated 28 December 2011
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