Adjustment
| SUPERMX-C85: CW SUPERMAX CORPORATION BERHAD (AM) |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SUPERMAX CORPORATION BERHAD ("SUPERMX") ("SUPERMX SHARES") ("SUPERMX-C85") PURSUANT TO BONUS ISSUE OF UP TO 1,360,309,760 NEW ORDINARY SHARES IN SUPERMX ("BONUS SHARE(S)") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING SUPERMX SHARE HELD ON 7 SEPTEMBER 2020 ("ENTITLEMENT DATE") ("BONUS ISSUE"). |
| EX-date | 04 Sep 2020 |
| Entitlement date | 07 Sep 2020 |
| Entitlement time | 5:00 PM |
| Financial Year End | 30 Jun 2020 |
| 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 entitlement |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 07 Sep 2020 |
| b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | |
| c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | |
| Number of new
shares/securities issued (units) (If applicable) |
|
| Entitlement indicator | Ratio |
| Ratio | 0.0000 : 0.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0327839299 Fax:0327839222 |
| Remarks : |
(Unless otherwise defined in this announcement, the definitions contained in the announcement dated 21 July 2020 shall apply throughout this announcement)
Reference is also made to the base prospectus dated 17 July 2019 ("Base Prospectus"), the first supplementary base prospectus dated 26 February 2020 ("First Supplementary Base Prospectus"), and the Term Sheet governing the terms and conditions of SUPERMX-C85 dated 26 February 2020.
The terms and conditions of the SUPERMX-C85 shall be correspondingly adjusted based on the formulas below:
(I) Adjusted Exercise Ratio = E / (1+N)
(II) Adjusted Exercise Price = X / (1+N)
where,
X = RM1.65, being the existing Exercise Price of SUPERMX-C85 immediately prior to the Bonus Issue
N = 1, being the number of additional SUPERMX Share (whether a whole or fraction) received by a holder of existing SUPERMX Share for each SUPERMX Share held prior to the Bonus Issue
E = 3, being the existing Exercise Ratio of SUPERMX-C85 immediately prior to the Bonus Issue
Based on the formulas above,
(I) Exercise Ratio of SUPERMX-C85 will be adjusted from 3 to 1.5.
(II) Exercise Price of SUPERMX-C85 will be adjusted from RM1.65 to RM0.8250.
The actual adjustments to SUPERMX-C85 will take effect immediately on the ex-date of the Bonus Issue on 4 September 2020.
This announcement is dated 19 August 2020. |
Announcement Info
| Company Name | SUPERMX-C85: CW SUPERMAX CORPORATION BERHAD (AM) |
| Stock Name | SUPERMX-C85 |
| Date Announced | 19 Aug 2020 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-19082020-00017 |