KOSSAN-C24

0.005

(%)

Adjustment

KOSSAN-C24: CW KOSSAN RUBBER INDUSTRIES 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 KOSSAN RUBBER INDUSTRIES BERHAD ("KOSSAN") ("KOSSAN SHARES") ("KOSSAN-C24") PURSUANT TO A SPECIAL SINGLE-TIER DIVIDEND OF 8.0 SEN PER ORDINARY SHARE ("SPECIAL DIVIDEND").
EX-date 03 Mar 2021
Entitlement date 04 Mar 2021
Entitlement time 5:00 PM
Financial Year End 31 Dec 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 17 Mar 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 :
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 KOSSAN-C24 dated 25 January 2021, the terms and condition of KOSSAN-C24 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]

whereby:- 
P = Closing price of KOSSAN Share on the last market day on which KOSSAN Share is traded on a cum-entitlement basis.
D = RM0.08, being the Special Dividend per one (1) KOSSAN Share held. 
X = RM5.20, being the existing Exercise Price of KOSSAN-C24 immediately prior to the Special Dividend.
E = 20, being the existing Exercise Ratio of KOSSAN-C24 immediately prior to the Special Dividend.

We shall make the announcement on the actual adjustments to KOSSAN-C24 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.

This announcement is dated 17 February 2021.


Announcement Info

Company Name KOSSAN-C24: CW KOSSAN RUBBER INDUSTRIES BHD (AM)
Stock Name KOSSAN-C24
Date Announced 17 Feb 2021
Category Entitlement(Notice of Book Closure)
Reference Number ENT-17022021-00016