BURSA-C47

0.030

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BURSA-C47 - Notice of Book Closure

BURSA-C47: CW BURSA MALAYSIA BHD (AM)

ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF BURSA MALAYSA BERHAD ("BURSA") ("BURSA SHARES") ("BURSA-C47") PURSUANT TO A SPECIAL SINGLE-TIER DIVIDEND OF 8.0 SEN PER ORDINARY SHARE ("SPECIAL DIVIDEND").
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 19 Feb 2021
2)  The last date of lodgment : 22 Feb 2021

 

Remarks : In accordance with Part 1 Section 6.1(d) of the Deed Poll dated 3 August 2020, the base prospectus dated 13 August 2020 ("Base Prospectus") and the Term Sheet governing the terms and conditions of the BURSA-C47 dated 22 January 2021, the terms and condition of BURSA-C47 will be correspondingly adjusted based on the formula below:

 

i)    Adjusted Exercise Ratio = E x [(P-D) / P]

(II)  Adjusted Exercise Price = X x [(P-D) / P]

 

P = Closing price of BURSA Share on the last market day on which BURSA Share is traded on a cum entitlement basis.

D = RM0.08, being the Special Dividend per one (1) BURSA Share held.

X = RM8.88, being the existing Exercise Price of BURSA-C47 immediately prior to the Special Dividend.

E = 25, being the existing Exercise Ratio of BURSA-C47 immediately prior to the Special Dividend.

 

We shall make the announcement on the actual adjustments to BURSA-C47 on the Last Cum Date.

 

No adjustment shall be made to the Exercise Ratio or the Exercise Price if the adjustment would amount to less than 2% of the Exercise Ratio or the Exercise Price being changed.

 


Announcement Info

Company Name BURSA-C47: CW BURSA MALAYSIA BHD (AM)
Stock Name BURSA-C47
Date Announced 04 Feb 2021
Category Listing Circular
Reference Number ILC-04022021-00006