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 |