KOSSAN-C24 - Notice of Book Closure

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").
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 03 Mar 2021
2)  The last date of lodgment : 04 Mar 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 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.