Company: TSH-CA:CW TSH RESOURCES (AM)
Stock Name: TSH-CA
Amount/Ratio: 0 : 0
Announcement Date: 23/11/2011
Ex Date: 02/12/2011
Detail:
EX-date: 02/12/2011
Entitlement date: 06/12/2011
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 TSH RESOURCES BERHAD ("TSH") ("TSH SHARES") ("TSH-CA") PURSUANT TO THE BONUS ISSUE OF UP TO 416,646,263 NEW ORDINARY SHARES IN TSH, ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY ONE (1) EXISTING TSH SHARE 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: 06/12/2011
Entitlement indicator: Ratio
Ratio: 0 : 0
Remarks: (Unless otherwise defined in this announcement, the definitions contained in the announcement dated 12 October 2011 shall apply throughout this announcement)
The terms and conditions of the TSH-CA shall be adjusted as set out in our announcement dated 12 October 2011.
The adjusted exercise price and exercise ratio for the TSH-CA will take effect at 9.00 am on 2 December 2011, being the Ex-date for the Bonus Issue.
Please note that there will not be any new issuance of TSH-CA on the Entitlement date pursuant to the Bonus Issue.
The terms and conditions of the TSH-CA shall be correspondingly adjusted based on the formula as set below:
Exercise Price
The Exercise Price for the TSH-CA will be adjusted as determined by the following formula:
Adjusted Exercise Price = X / (1+N)
where,
N = 1.00, being the number of new TSH Shares per existing TSH Share.
X = RM2.78, being the existing Exercise Price of the TSH-CA immediately prior to the Bonus Issue.
Based on the calculation above, the Exercise Price of TSH-CA will be adjusted from RM2.78 to RM1.39.
Exercise Ratio
The Exercise Ratio for the TSH-CA will be adjusted as determined by the following formula:
Adjusted Exercise Ratio = (1+N) x E
where,
N = 1.00, being the number of new TSH Shares per existing TSH Share.
E = 0.25, being the existing Exercise Ratio of the TSH-CA immediately prior to the Bonus Issue.
Based on the calculation above, the Exercise Ratio of TSH-CA will be adjusted from 0.25 (4 TSH-CA to 1 TSH Share) to 0.50 (2 TSH-CA to 1 TSH Share).
Stock Name: TSH-CA
Amount/Ratio: 0 : 0
Announcement Date: 23/11/2011
Ex Date: 02/12/2011
Detail:
EX-date: 02/12/2011
Entitlement date: 06/12/2011
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 TSH RESOURCES BERHAD ("TSH") ("TSH SHARES") ("TSH-CA") PURSUANT TO THE BONUS ISSUE OF UP TO 416,646,263 NEW ORDINARY SHARES IN TSH, ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY ONE (1) EXISTING TSH SHARE 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: 06/12/2011
Entitlement indicator: Ratio
Ratio: 0 : 0
Remarks: (Unless otherwise defined in this announcement, the definitions contained in the announcement dated 12 October 2011 shall apply throughout this announcement)
The terms and conditions of the TSH-CA shall be adjusted as set out in our announcement dated 12 October 2011.
The adjusted exercise price and exercise ratio for the TSH-CA will take effect at 9.00 am on 2 December 2011, being the Ex-date for the Bonus Issue.
Please note that there will not be any new issuance of TSH-CA on the Entitlement date pursuant to the Bonus Issue.
The terms and conditions of the TSH-CA shall be correspondingly adjusted based on the formula as set below:
Exercise Price
The Exercise Price for the TSH-CA will be adjusted as determined by the following formula:
Adjusted Exercise Price = X / (1+N)
where,
N = 1.00, being the number of new TSH Shares per existing TSH Share.
X = RM2.78, being the existing Exercise Price of the TSH-CA immediately prior to the Bonus Issue.
Based on the calculation above, the Exercise Price of TSH-CA will be adjusted from RM2.78 to RM1.39.
Exercise Ratio
The Exercise Ratio for the TSH-CA will be adjusted as determined by the following formula:
Adjusted Exercise Ratio = (1+N) x E
where,
N = 1.00, being the number of new TSH Shares per existing TSH Share.
E = 0.25, being the existing Exercise Ratio of the TSH-CA immediately prior to the Bonus Issue.
Based on the calculation above, the Exercise Ratio of TSH-CA will be adjusted from 0.25 (4 TSH-CA to 1 TSH Share) to 0.50 (2 TSH-CA to 1 TSH Share).
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