Adjustment
| DSONIC-C19: CW DATASONIC GROUP 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 DATASONIC GROUP BERHAD ("DSONIC") ("DSONIC SHARES") ("DSONIC-C19") PURSUANT TO BONUS ISSUE OF UP TO 2,176,875,000 NEW ORDINARY SHARES IN DATASONIC GROUP BERHAD ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 DSONIC SHARE HELD AS AT 5.00 P.M. ON 1 OCTOBER 2020 ("ENTITLEMENT DATE") ("BONUS ISSUE") |
| EX-date | 30 Sep 2020 |
| Entitlement date | 01 Oct 2020 |
| Entitlement time | 5:00 PM |
| Financial Year End | |
| 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 | 01 Oct 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 : |
Remarks :
(Unless otherwise defined in this announcement, the definitions contained in the announcement dated 6 August 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 DSONIC-C19 dated 26 February 2020.
The terms and conditions of the DSONIC-C19 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 = RM1.40, being the existing Exercise Price of DSONIC-C19 immediately prior to the Bonus Issue
N = 1, being the number of additional DSONIC Share (whether a whole or fraction) received by a holder of existing DSONIC Share for each DSONIC Share held prior to the Bonus Issue
E = 3, being the existing Exercise Ratio of DSONIC-C19 immediately prior to the Bonus Issue
Based on the formulas above,
(I) Exercise Ratio of DSONIC-C19 will be adjusted from 3 to 1.5.
(II) Exercise Price of DSONIC-C19 will be adjusted from RM1.40 to RM0.70.
The actual adjustments to DSONIC-C19 will take effect immediately on the ex-date of the Bonus Issue on 30 September 2020.
This announcement is dated 18 September 2020. |
Announcement Info
| Company Name | DSONIC-C19: CW DATASONIC GROUP BERHAD (AM) |
| Stock Name | DSONIC-C19 |
| Date Announced | 18 Sep 2020 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-18092020-00008 |