YTLPOWR-C14 - Notice of Book Closure

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")
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 27 Oct 2020
2)  The last date of lodgment : 28 Oct 2020
 

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.