Company: SUPERMX-CE:CW SUPERMAX (OSK)
Stock Name: SUPERMX-CE
Amount/Ratio: 0 : 0
Announcement Date: 13/01/2012
Ex Date: 26/01/2012
Detail:
EX-date: 26/01/2012
Entitlement date: 30/01/2012
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 RM0.50 each in Supermax Corporation Berhad ("SUPERMX") ("SUPERMX Share(s)")("SUPERMX-CE") pursuant to the bonus issue of 340,077,440 new SUPERMX shares ("Bonus Share(s)") on the basis of one (1) Bonus Share for every one (1) SUPERMX 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: 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: 30/01/2012
Entitlement indicator: Ratio
Ratio: 0 : 0
Remarks: In accordance with Condition B3.1 - Adjustment of Entitlement and Exercise Price to the Second Schedule of the Deed Poll dated 13 December 2010, the Exercise Price and Entitlement of the SUPERMX-CE will be adjusted for the Bonus Issue in accordance with the following formula:
1.Adjusted Entitlement= (1 + N) X E
= (1 + 1) x 0.1667
= 0.3333 (equivalent to Exercise Ratio of 3 SUPERMX-CE per SUPERMX Share)
2.Adjusted Exercise Price = [1 / (1 + N)] x K
= [1/(1+ 1)] x RM4.15
= RM2.075
Where
E: 0.1667, being the existing Entitlement immediately prior to the Bonus Issue (equivalent to entitlement of 6 SUPERMX-CE per SUPERMX Share)
N: 1, 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 Bonus Issue
K: RM4.15, being the existing Exercise Price of SUPERMX-CE immediately prior to the Bonus Issue
The actual adjustments to the Exercise Price and Entitlement of the SUPERMX-CE shall take place on 26 January 2012 ("Ex-Date"), which is the first day of dealings in the SUPERMX on an ex-bonus basis.
Accordingly, we will release an amended notice of expiry to reflect the changes in the Entitlement and Exercise Price of SUPERMX-CE previously announced on 9 January 2012.
This announcement is dated 13 January 2012.
Stock Name: SUPERMX-CE
Amount/Ratio: 0 : 0
Announcement Date: 13/01/2012
Ex Date: 26/01/2012
Detail:
EX-date: 26/01/2012
Entitlement date: 30/01/2012
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 RM0.50 each in Supermax Corporation Berhad ("SUPERMX") ("SUPERMX Share(s)")("SUPERMX-CE") pursuant to the bonus issue of 340,077,440 new SUPERMX shares ("Bonus Share(s)") on the basis of one (1) Bonus Share for every one (1) SUPERMX 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: 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: 30/01/2012
Entitlement indicator: Ratio
Ratio: 0 : 0
Remarks: In accordance with Condition B3.1 - Adjustment of Entitlement and Exercise Price to the Second Schedule of the Deed Poll dated 13 December 2010, the Exercise Price and Entitlement of the SUPERMX-CE will be adjusted for the Bonus Issue in accordance with the following formula:
1.Adjusted Entitlement= (1 + N) X E
= (1 + 1) x 0.1667
= 0.3333 (equivalent to Exercise Ratio of 3 SUPERMX-CE per SUPERMX Share)
2.Adjusted Exercise Price = [1 / (1 + N)] x K
= [1/(1+ 1)] x RM4.15
= RM2.075
Where
E: 0.1667, being the existing Entitlement immediately prior to the Bonus Issue (equivalent to entitlement of 6 SUPERMX-CE per SUPERMX Share)
N: 1, 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 Bonus Issue
K: RM4.15, being the existing Exercise Price of SUPERMX-CE immediately prior to the Bonus Issue
The actual adjustments to the Exercise Price and Entitlement of the SUPERMX-CE shall take place on 26 January 2012 ("Ex-Date"), which is the first day of dealings in the SUPERMX on an ex-bonus basis.
Accordingly, we will release an amended notice of expiry to reflect the changes in the Entitlement and Exercise Price of SUPERMX-CE previously announced on 9 January 2012.
This announcement is dated 13 January 2012.
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