Rights Issue
| SAPNRGC72: CW SAPURA ENERGY BERHAD (MACQ) |
| EX-date | 27 Dec 2018 |
| Entitlement date | 31 Dec 2018 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Rights Issue |
| Entitlement description | ADJUSTMENTS TO THE TERMS AND CONDITIONS OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS EXPIRING ON 31 MAY 2019 OVER ORDINARY SHARES OF SAPURA ENERGY BERHAD ("SAPNRG") ("SAPNRGC72") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF 9,986,925,145 NEW ORDINARY SHARES IN SAPNRG ("SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.30 PER RIGHTS SHARE TOGETHER WITH 998,692,514 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF FIVE (5) RIGHTS SHARES FOR EVERY THREE (3) SHARES HELD AT 5:00 P.M. ON 31 DECEMBER 2018 |
| Period of interest payment | to |
| Financial Year End | |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| Registrar or Service Provider name, address, telephone no | Macquarie Capital Securities (Malaysia) Sdn. Bhd. 10th floor Menara Hap Seng No. 1 & 3 Jalan P. Ramlee 50250 Kuala Lumpur, Malaysia |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 31 Dec 2018 |
| 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 : 0 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Remarks : |
Effective 27 December 2018, the Exercise Price and Exercise Ratio will be adjusted based on the following formula (and rounded to the nearest 4 dp): (i) Adjusted Exercise Price = [(1 + (R/S) x M) / (1+M)] x X (ii) Adjusted Exercise Ratio = [(1 + (R/S) x M) / (1+M)] x E R = RM 0.30, being the subscription price per Rights Share under the Rights Issue S = Cum-rights share price being the last traded price of an existing Share on the last Market Day on which the Shares are traded on a cum-rights basis M = 5/3, being the number of Rights Shares per existing Share each Shareholder is entitled to subscribe X = RM 0.68, being the existing Exercise Price immediately prior to the Rights Issue E = 1.60, being the existing Exercise Ratio immediately prior to the Rights Issue No adjustments shall be made if the formulae stated above results in an adjustment which would amount to less than 2% of the Exercise Ratio and/or Exercise Price being changed. |
Announcement Info
| Company Name | SAPNRGC72: CW SAPURA ENERGY BERHAD (MACQ) |
| Stock Name | SAPNRGC72 |
| Date Announced | 18 Dec 2018 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-18122018-00009 |