Tuesday, February 21, 2012

LIONCOR-WB - Entitlement - Others (0 : 0)

Company: LION CORP-WARRANTS B 2009/2019
Stock Name: LIONCOR-WB
Amount/Ratio: 0 : 0
Announcement Date: 21/02/2012
Ex Date: 29/02/2012

Detail:

EX-date: 29/02/2012

Entitlement date: 02/03/2012

Entitlement time: 05:00:00 PM

Entitlement subject: Others

Entitlement description: Adjustment to the exercise price of the warrants issued by LCB arising from the capital reconstruction of LCB comprising:-
(a) the reduction of the par value of existing ordinary shares of RM1.00 each in LCB ("LCB Shares") to RM0.20 each by the cancellation of RM0.80 each pursuant to Section 64 of the Companies Act, 1965 ("Capital Reduction"); and
(b) thereafter, the consolidation of every five (5) LCB Shares of RM0.20 each into one (1) LCB Share of RM1.00 each following the completion of the Capital Reduction

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: Secretarial Communications Sdn Bhd
Level 13, Office Tower
No. 1 Jalan Nagasari (Off Jalan Raja Chulan)
50200 Kuala Lumpur

Telephone Nos.: 03-2142 0155 , 03-2141 8411

a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 02/03/2012

Entitlement indicator: Ratio

Ratio: 0 : 0

Remarks: We refer to the announcement dated 17 February 2012 in relation to the Warrants Adjustment ("Announcement"). The contents of this announcement is similar to the Announcement.

Unless otherwise stated, the terms used in this announcement shall have the same meanings as defined in the Announcement.

Pursuant to the Deed Poll, the exercise price of all outstanding LCB Warrants held by a warrant holder of LCB will be adjusted from RM1.00 to RM5.00 and no adjustment will be made to the number of LCB Warrants ("Warrants Adjustment"). Pursuant to the Deed Poll, the Warrants Adjustment will be effective from the close of business on 2 March 2012, being the market day immediately preceding the date on which the consolidation becomes effective (being the date when the LCB Shares are traded on Bursa Securities upon the completion of the Proposed LCB Capital Reconstruction).

LCB shall give notice to the LCB Warrant holders on the Warrants Adjustment based on the timing as stipulated in the Deed Poll.

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