Company: TAANN-CC:CW TA ANN HLDGS(AM)
Stock Name: TAANN-CC
Amount/Ratio: 0 : 0
Announcement Date: 28/05/2012
Ex Date: 14/06/2012
Detail:
EX-date: 14/06/2012
Entitlement date: 18/06/2012
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 TA ANN HOLDINGS BERHAD ("TAANN") ("TAANN SHARES") ("TAANN-CC") PURSUANT TO THE BONUS ISSUE OF UP TO 61,796,130 NEW ORDINARY SHARES OF RM1.00 EACH IN TAANN TO BE CREDITED AS FULLY PAID-UP ("BONUS SHARES") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FIVE (5) EXISTING TAANN SHARES OF RM1.00 EACH HELD AS AT 5:00 P.M. ON 18 JUNE 2012 ("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: 18/06/2012
Entitlement indicator: Ratio
Ratio: 0 : 0
Remarks: Exercise Price
The exercise price for TAANN-CC will be adjusted as determined by the following formula:
X / (1+N)
where,
N = 1/5, being the number of new TAANN Shares (whether a whole or fraction) per existing TAANN Share each holder thereof is entitled
X = RM5.78, being the existing exercise price of TAANN-CC immediately prior to the Bonus Issue
Based on the calculation above, the exercise price of TAANN-CC will be adjusted from RM5.78 to RM4.8167.
Warrant Component/Exercise Ratio
The warrant component/exercise ratio for TAANN-CC will be adjusted as determined by the following formula:
(1+N) x E
where,
N = 1/5, being the number of new TAANN Shares (whether a whole or fraction) per existing TAANN Share each holder thereof is entitled
E = 0.125 (8 TAANN-CC to 1 TAANN Share), being the existing warrant component/exercise ratio of TAANN-CC immediately prior to the Bonus Issue.
Based on the calculation above, the warrant component/exercise ratio of TAANN-CC will be adjusted from 0.125 (8 TAANN-CC to 1 TAANN Share) to 0.1500 (6.6667 TAANN-CC to 1 TAANN Share).
The actual adjustments to TAANN-CC will take effect immediately on the ex-date of the Bonus Issue.
This announcement is dated 28 May 2012.
Stock Name: TAANN-CC
Amount/Ratio: 0 : 0
Announcement Date: 28/05/2012
Ex Date: 14/06/2012
Detail:
EX-date: 14/06/2012
Entitlement date: 18/06/2012
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 TA ANN HOLDINGS BERHAD ("TAANN") ("TAANN SHARES") ("TAANN-CC") PURSUANT TO THE BONUS ISSUE OF UP TO 61,796,130 NEW ORDINARY SHARES OF RM1.00 EACH IN TAANN TO BE CREDITED AS FULLY PAID-UP ("BONUS SHARES") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FIVE (5) EXISTING TAANN SHARES OF RM1.00 EACH HELD AS AT 5:00 P.M. ON 18 JUNE 2012 ("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: 18/06/2012
Entitlement indicator: Ratio
Ratio: 0 : 0
Remarks: Exercise Price
The exercise price for TAANN-CC will be adjusted as determined by the following formula:
X / (1+N)
where,
N = 1/5, being the number of new TAANN Shares (whether a whole or fraction) per existing TAANN Share each holder thereof is entitled
X = RM5.78, being the existing exercise price of TAANN-CC immediately prior to the Bonus Issue
Based on the calculation above, the exercise price of TAANN-CC will be adjusted from RM5.78 to RM4.8167.
Warrant Component/Exercise Ratio
The warrant component/exercise ratio for TAANN-CC will be adjusted as determined by the following formula:
(1+N) x E
where,
N = 1/5, being the number of new TAANN Shares (whether a whole or fraction) per existing TAANN Share each holder thereof is entitled
E = 0.125 (8 TAANN-CC to 1 TAANN Share), being the existing warrant component/exercise ratio of TAANN-CC immediately prior to the Bonus Issue.
Based on the calculation above, the warrant component/exercise ratio of TAANN-CC will be adjusted from 0.125 (8 TAANN-CC to 1 TAANN Share) to 0.1500 (6.6667 TAANN-CC to 1 TAANN Share).
The actual adjustments to TAANN-CC will take effect immediately on the ex-date of the Bonus Issue.
This announcement is dated 28 May 2012.
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