Adjustment
| YTLPOWR-C14: CW YTL POWER INTERNATIONAL BHD (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 YTL POWER INTERNATIONAL BERHAD ("YTLPOWR ") ("YTLPOWR SHARES") ("YTLPOWR-C14") PURSUANT TO THE DISTRIBUTION OF ONE (1) TREASURY SHARE FOR EVERY SIXTEEN (16) EXISTING YTLPOWR SHARE HELD ("SHARE DIVIDEND") |
| EX-date | 27 Oct 2020 |
| Entitlement date | 28 Oct 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 | 28 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 : |
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 YTLPOWR-C14 dated 3 July 2020.
The terms and conditions of the YTLPOWR-C14 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 = RM0.70, being the existing Exercise Price of YTLPOWR-C14 immediately prior to the Share Dividend
N = 1/16, being the number of Treasury Share (whether a whole or fraction) received by a holder of existing YTLPOWR Share for each YTLPOWR Share held prior to the Share Dividend
E = 2, being the existing Exercise Ratio of YTLPOWR-C14 immediately prior to the Share Dividend
Based on the formulas above,
(I) Exercise Ratio of YTLPOWR-C14 will be adjusted from 2 to 1.8824.
(II) Exercise Price of YTLPOWR-C14 will be adjusted from RM0.70 to RM0.6588.
The actual adjustments to YTLPOWR-C14 will take effect immediately on the ex-date of the Share Dividend on 27 October 2020.
This announcement is dated 2 September 2020. |
Announcement Info
| Company Name | YTLPOWR-C14: CW YTL POWER INTERNATIONAL BHD (AM) |
| Stock Name | YTLPOWR-C14 |
| Date Announced | 02 Sep 2020 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-02092020-00003 |