Company: TIMECOM-CD:CW TIME DOTCOM (C)
Stock Name: TIMECOM-CD
Amount/Ratio: 0
Announcement Date: 03/05/2012
Ex Date: 11/05/2012
Detail:
EX-date: 11/05/2012
Entitlement date: 15/05/2012
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF TIME DOTCOM BERHAD ("TIMECOM") ("TIMECOM-CD") WHICH INCLUDES INTER-ALIA THE FOLLOWING:
(a) CAPITAL REPAYMENT OF RM50,615,500 REPRESENTING RM0.02 PER EXISTING TIMECOM SHARE TO THE ENTITLED SHAREHOLDERS OF TIMECOM PURSUANT TO SECTIONS 60 AND 64 OF THE COMPANIES ACT, 1965 ("CAPITAL REPAYMENT")
(b) CAPITAL RESTRUCTURING COMPRISING:
i. CAPITAL REDUCTION OF TIMECOM'S EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF RM2,530,775,000 COMPRISING 2,530,775,000 SHARES OF RM1.00 EACH IN TIMECOM VIA THE CANCELLATION OF RM0.90 OF THE PAR VALUE OF EACH TIMECOM SHARE PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 ("CAPITAL REDUCTION")
ii. SET-OFF OF TIMECOM'S SHARE PREMIUM ACCOUNT AGAINST THE ACCUMULATED LOSSES OF TIMECOM
iii. SHARE CONSOLIDATION OF 2,530,775,000 ORDINARY SHARES OF RM0.10 (AFTER THE CAPITAL REDUCTION) INTO 506,155,000 TIMECOM SHARES, ON THE BASIS OF FIVE (5) ORDINARY SHARES OF RM0.10 EACH IN TIMECOM INTO ONE (1) ORDINARY SHARE OF RM0.50 EACH IN TIMECOM ("SHARE CONSOLIDATION")
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
Tel No.:03 7841 8000
Fax No.:03 7841 8151
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 11/05/2012
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 0
Remarks: In accordance with Condition 6 of the Deed Poll dated 5 May 2011, the terms and conditions of the TIMECOM-CD shall be adjusted accordingly.
The Ex-date and entitlement date for the Capital Repayment and Share Consolidation will be 11 May 2012 and 15 May 2012 respectively. We will announce the adjustments to the Exercise Price and the Warrant Component/Exercise Ratio for the TIMECOM-CD after 5.00 pm on 10 May 2012, being the last trading day on which TIMECOM shares are traded on cum-entitlement basis. The adjusted Exercise Price and Warrant Component/Exercise Ratio for the TIMECOM-CD will take effect at 9.00 am on 11 May 2012, being the ex-date for the Capital Repayment and Share Consolidation.
For the avoidance of doubt, the Exercise Price and the Warrant Component/Exercise Ratio for the Share Consolidation for TIMECOM-CD shall be the adjusted Exercise Price and the Warrant Component/Exercise Ratio after the Capital Repayment.
Please note that there will not be any new issuance of TIMECOM-CD on the Entitlement Date pursuant to the Capital Repayment and Share Consolidation.
Stock Name: TIMECOM-CD
Amount/Ratio: 0
Announcement Date: 03/05/2012
Ex Date: 11/05/2012
Detail:
EX-date: 11/05/2012
Entitlement date: 15/05/2012
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF TIME DOTCOM BERHAD ("TIMECOM") ("TIMECOM-CD") WHICH INCLUDES INTER-ALIA THE FOLLOWING:
(a) CAPITAL REPAYMENT OF RM50,615,500 REPRESENTING RM0.02 PER EXISTING TIMECOM SHARE TO THE ENTITLED SHAREHOLDERS OF TIMECOM PURSUANT TO SECTIONS 60 AND 64 OF THE COMPANIES ACT, 1965 ("CAPITAL REPAYMENT")
(b) CAPITAL RESTRUCTURING COMPRISING:
i. CAPITAL REDUCTION OF TIMECOM'S EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF RM2,530,775,000 COMPRISING 2,530,775,000 SHARES OF RM1.00 EACH IN TIMECOM VIA THE CANCELLATION OF RM0.90 OF THE PAR VALUE OF EACH TIMECOM SHARE PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 ("CAPITAL REDUCTION")
ii. SET-OFF OF TIMECOM'S SHARE PREMIUM ACCOUNT AGAINST THE ACCUMULATED LOSSES OF TIMECOM
iii. SHARE CONSOLIDATION OF 2,530,775,000 ORDINARY SHARES OF RM0.10 (AFTER THE CAPITAL REDUCTION) INTO 506,155,000 TIMECOM SHARES, ON THE BASIS OF FIVE (5) ORDINARY SHARES OF RM0.10 EACH IN TIMECOM INTO ONE (1) ORDINARY SHARE OF RM0.50 EACH IN TIMECOM ("SHARE CONSOLIDATION")
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
Tel No.:03 7841 8000
Fax No.:03 7841 8151
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 11/05/2012
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 0
Remarks: In accordance with Condition 6 of the Deed Poll dated 5 May 2011, the terms and conditions of the TIMECOM-CD shall be adjusted accordingly.
The Ex-date and entitlement date for the Capital Repayment and Share Consolidation will be 11 May 2012 and 15 May 2012 respectively. We will announce the adjustments to the Exercise Price and the Warrant Component/Exercise Ratio for the TIMECOM-CD after 5.00 pm on 10 May 2012, being the last trading day on which TIMECOM shares are traded on cum-entitlement basis. The adjusted Exercise Price and Warrant Component/Exercise Ratio for the TIMECOM-CD will take effect at 9.00 am on 11 May 2012, being the ex-date for the Capital Repayment and Share Consolidation.
For the avoidance of doubt, the Exercise Price and the Warrant Component/Exercise Ratio for the Share Consolidation for TIMECOM-CD shall be the adjusted Exercise Price and the Warrant Component/Exercise Ratio after the Capital Repayment.
Please note that there will not be any new issuance of TIMECOM-CD on the Entitlement Date pursuant to the Capital Repayment and Share Consolidation.
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