Adjustment
| UWC-CC: CW UWC 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 UWC BERHAD ("UWC") ("UWC SHARES") ("UWC-CC") PURSUANT TO BONUS ISSUE OF UP TO 550,237,099 NEW ORDINARY SHARES IN UWC BERHAD ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 UWC SHARE HELD AS AT 5.00 P.M. ON 17 FEBRUARY 2021 ("ENTITLEMENT DATE") ("BONUS ISSUE") |
| EX-date | 16 Feb 2021 |
| Entitlement date | 17 Feb 2021 |
| Entitlement time | 5:00 PM |
| Financial Year End | |
| 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 | 17 Feb 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 4 December 2020 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 UWC-CC dated 14 August 2020. The terms and conditions of the UWC-CC 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 = RM7.00, being the existing Exercise Price of UWC-CC immediately prior to the Bonus Issue N = 1, being the number of additional UWC Share (whether a whole or fraction) received by a holder of existing UWC Share for each UWC Share held prior to the Bonus Issue E = 15, being the existing Exercise Ratio of UWC-CC immediately prior to the Bonus Issue Based on the formulas above, (I) Exercise Ratio of UWC-CC will be adjusted from 15 to 7.5000. (II) Exercise Price of UWC-CC will be adjusted from RM7.00 to RM3.5000. The actual adjustments to UWC-CC will take effect immediately on the ex-date of the Bonus Issue, 16 February 2021. This announcement is dated 3 February 2021. |
Announcement Info
| Company Name | UWC-CC: CW UWC BERHAD (AM) |
| Stock Name | UWC-CC |
| Date Announced | 03 Feb 2021 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-03022021-00008 |