Adjustment
| PBBANK-C47: CW PUBLIC BANK 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 PUBLIC BANK BERHAD ("PBBANK") ("PBBANK SHARES") ("PBBANK-C47") PURSUANT TO BONUS ISSUE OF UP TO 15,528,553,388 NEW ORDINARY SHARES IN PBBANK ("BONUS SHARES") ON THE BASIS OF FOUR (4) BONUS SHARES FOR EVERY ONE (1) EXISTING PBBANK SHARE, HELD AT 5.00 P.M. ON 27 JANUARY 2021 ("ENTITLEMENT DATE") |
| EX-date | 26 Jan 2021 |
| Entitlement date | 27 Jan 2021 |
| Entitlement time | 5:00 PM |
| Financial Year End | 31 Dec 2021 |
| 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 | 27 Jan 2021 |
| 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 10 December 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 PBBANK-C47 dated 14 May 2020. The terms and conditions of the PBBANK-C47 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 = RM17.50, being the existing Exercise Price of PBBANK-C47 immediately prior to the Bonus Issue N = 4, being the number of additional PBBANK Share (whether a whole or fraction) received by a holder of existing PBBANK Share for each PBBANK Share held prior to the Bonus Issue E = 14, being the existing Exercise Ratio of PBBANK-C47 immediately prior to the Bonus Issue Based on the formulas above, (I) Exercise Ratio of PBBANK-C47 will be adjusted from 14.00 to 2.8000. (II) Exercise Price of PBBANK-C47 will be adjusted from RM17.50 to RM3.5000. The actual adjustments to PBBANK-C47 will take effect immediately on 26 January 2021. This announcement is dated 13 January 2021. |
Announcement Info
| Company Name | PBBANK-C47: CW PUBLIC BANK BERHAD (AM) |
| Stock Name | PBBANK-C47 |
| Date Announced | 13 Jan 2021 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-13012021-00009 |