PBBANK-C62 - Notice of Book Closure

ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF SUPERMAX CORPORATION BERHAD ("PBBANK") (PBBANK SHARES) ("PBBANK-C62") PURSUANT TO BONUS ISSUE OF UP TO 15,528,553,388 NEW ORDINARY SHARES IN PBBANK (BONUS SHARE(S)) ON THE BASIS OF 4 BONUS SHARE FOR EVERY 1 EXISTING PBBANK SHARE HELD ON 27 JANUARY 2021 ("ENTITLEMENT DATE") (BONUS ISSUE).
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 26 Jan 2021
2)  The last date of lodgment : 27 Jan 2021
 

Remarks :
(Unless otherwise defined in this announcement, the definitions contained in the announcement dated 22 January 2021 shall apply throughout this announcement) 

Reference is also made to the base prospectus dated 13 August 2020 ("Base Prospectus"), and the Term Sheet governing the terms and conditions of PBBANK-C62 dated 22 January 2021.
The terms and conditions of the PBBANK-C62 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 = RM22.00, being the existing Exercise Price of PBBANK-C62 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 = 30, being the existing Exercise Ratio of PBBANK-C62 immediately prior to the Bonus Issue

Based on the formulas above, 

(I) Exercise Ratio of PBBANK-C62 will be adjusted from 30 to 6.0000.
(II) Exercise Price of PBBANK-C62 will be adjusted from RM22.00 to RM4.4000.

The actual adjustments to PBBANK-C62 will take effect immediately on the ex-date of the Bonus Issue on 26 January 2021.