Company: TAANN-CD:CW TA ANN HLDGS(MIBB)
Stock Name: TAANN-CD
Amount/Ratio: 0 : 0
Announcement Date: 31/05/2012
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 NONCOLLATERALISED CASH-SETTLED CALL WARRANTS OVER THE ORDINARY SHARES OF TA ANN HOLDINGS BERHAD ("TAANN") ("TAANN-CD") 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 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: Symphony Share Registrars Sdn Bhd
Level 6, Symphony House
Block D13, Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor, Malaysia
Tel. no.: (03) 7841 8000
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: Adjusted Exercise Price = X / (1 + N)
Where,
N: 1/5, being the number of additional TAANN shares (whether a whole or a fraction) received by a holder of existing TAANN shares for each TAANN share held prior to the Bonus Issue.
X: RM5.48, being the existing exercise price of the TAANN-CD immediately prior to the Bonus Issue.
Based on the formula above, the exercise price of the TAANN-CD will be adjusted from RM5.48 to RM4.5667.
Adjusted Entitlement = Adjustment Factor x E
Where,
Adjustment Factor = 1 + N
Where,
E: 0.125 (8 TAANN-CD to 1 TAANN share), being the existing entitlement immediately prior to the Bonus Issue.
N: 1/5, being the number of additional TAANN shares (whether a whole or a fraction) received by a holder of existing TAANN shares for each TAANN share held prior to the Bonus Issue.
Based on the formula above, the entitlement of the TAANN-CD will be adjusted from 8 TAANNCD to 1 TAANN share (0.125) to 6.6667 TAANN-CD to 1 TAANN share (0.15).
The actual adjustments to TAANN-CC will take effect immediately on the ex-date of the Bonus Issue.
Stock Name: TAANN-CD
Amount/Ratio: 0 : 0
Announcement Date: 31/05/2012
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 NONCOLLATERALISED CASH-SETTLED CALL WARRANTS OVER THE ORDINARY SHARES OF TA ANN HOLDINGS BERHAD ("TAANN") ("TAANN-CD") 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 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: Symphony Share Registrars Sdn Bhd
Level 6, Symphony House
Block D13, Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor, Malaysia
Tel. no.: (03) 7841 8000
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: Adjusted Exercise Price = X / (1 + N)
Where,
N: 1/5, being the number of additional TAANN shares (whether a whole or a fraction) received by a holder of existing TAANN shares for each TAANN share held prior to the Bonus Issue.
X: RM5.48, being the existing exercise price of the TAANN-CD immediately prior to the Bonus Issue.
Based on the formula above, the exercise price of the TAANN-CD will be adjusted from RM5.48 to RM4.5667.
Adjusted Entitlement = Adjustment Factor x E
Where,
Adjustment Factor = 1 + N
Where,
E: 0.125 (8 TAANN-CD to 1 TAANN share), being the existing entitlement immediately prior to the Bonus Issue.
N: 1/5, being the number of additional TAANN shares (whether a whole or a fraction) received by a holder of existing TAANN shares for each TAANN share held prior to the Bonus Issue.
Based on the formula above, the entitlement of the TAANN-CD will be adjusted from 8 TAANNCD to 1 TAANN share (0.125) to 6.6667 TAANN-CD to 1 TAANN share (0.15).
The actual adjustments to TAANN-CC will take effect immediately on the ex-date of the Bonus Issue.
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