CME-LA

0.010

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Profile for Loan Stocks

CME GROUP BERHAD

Instrument Type

Loan Stocks
DescriptionCME GROUP BERHAD (“CME” OR “COMPANY”)

RENOUNCEABLE RIGHTS ISSUE OF UP TO RM35,288,000 NOMINAL VALUE OF TEN (10)-YEAR, ZERO COUPON IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS (“ICULS”) AT 100% OF THE NOMINAL VALUE OF RM0.04 EACH (“RIGHTS ICULS”) ON THE BASIS OF RM0.08 NOMINAL VALUE OF THE ICULS FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.10 EACH IN CME HELD AT 5.00 P.M. ON 30 OCTOBER 2014, BASED ON A MINIMUM SUBSCRIPTION LEVEL OF RM27,000,000 NOMINAL VALUE OF THE RIGHTS ICULS (“RIGHTS ISSUE OF ICULS”) 
Listing Date28/11/2014
Issue Date24/11/2014
Issue/ Ask PriceMYR 0.0400
Issue Size IndicatorCurrency
Issue Size in CurrencyMYR 31,370,028.6000
Maturity Date23/11/2024
Revised Maturity Date 
Exercise/ Conversion Period10.00Year(s)
Revised Exercise/ Conversion Period
Exercise/Strike/Conversion PriceMYR 0.1000
Revised Exercise/Strike/Conversion Price
Exercise/ Conversion RatioPlease refer to remarks
Revised Exercise/ Conversion Ratio
Mode of satisfaction of Exercise/ Conversion pricePlease refer to remarks
Settlement Type/ Convertible intoPhysical (Shares)

Remarks :
Based on the conversion price of RM0.10 (“Conversion Price”), the ICULS may be converted into new CME Shares in the following manner:

(i) by surrendering the ICULS for such nominal value equivalent to the Conversion Price for one (1) new CME Share; or

(ii) by surrendering the ICULS for such number of RM0.04 nominal value together with cash such that in aggregate it equivalents to the Conversion Price for one (1) new CME Share.

Each registered holder of the ICULS shall have the right on any market day from and including the date of the issue of the ICULS up to and including the Maturity Date (“Conversion Period”) to convert the ICULS held into fully paid-up new CME Shares at the Conversion Price.

Any remaining ICULS not converted at the end of the Conversion Period shall be mandatorily converted into new CME Shares at the Conversion Price on the Maturity Date.

Any fractional new CME Share arising from the mandatory conversion of the ICULS on the Maturity Date shall be disregarded and be dealt with by the Board of Directors of CME as it may deem fit and expedient in the best interest of CME.

The ICULS will not be redeemable for cash.

This announcement is dated 27 November 2014.


Announcement Info

Company NameCME GROUP BERHAD  
Stock Name CME-LA    
Date Announced27 Nov 2014  
CategoryListing Information & Profile
Reference NoMM-141127-35802