Adjustment
| SUPERMX-C4M: CW SUPERMAX CORPORATION BERHAD (AFFIN) |
| 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 SUPERMAX CORPORATION BERHAD ("SUPERMX") ("SUPERMX-C4M") IN RELATION TO THE BONUS ISSUE OF UP TO 163,237,171 FREE WARRANTS IN SUPERMX ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 20 EXISTING ORDINARY SHARES IN SUPERMX HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON 26 FEBRUARY 2025 ("WARRANTS ENTITLEMENT DATE") (“BONUS ISSUE OF WARRANTS”) |
| EX-date | 25 Feb 2025 |
| Entitlement date | 26 Feb 2025 |
| Entitlement time | |
| Financial Year End | |
| 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 | 26 Feb 2025 |
| 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 : |
In accordance with Part 1 of the Deed Poll dated 3 October 2023, the Terms and Conditions of SUPERMX-C4M will be adjusted in accordance with the following formula: a. Adjusted Exercise Ratio = [(1 + (R/S) x M) / (1 + M)] x E b. Adjusted Exercise Price = [(1 + (R/S) x M) / (1 + M)] x X Whereby: R: RM1.1500, being the exercise price per Warrants under the Bonus Issue of Warrants S: Closing price of SUPERMX shares on the last market day on which SUPERMX shares are traded on a cum-entitlement basis M: 0.0500, being the number of Warrants (whether a whole or fraction) per existing SUPERMX shares held by the entitled shareholders on Warrants Entitlement Date. X: RM0.7917, being the adjusted Exercise Price immediately pursuant to the Bonus Issue of Shares with an ex-date of 24 February 2025 E: 1.6667, being the adjusted Exercise Ratio immediately pursuant to the Bonus Issue of Shares with an ex-date of 24 February 2025 Please note the Exercise Price and Exercise Ratio shall only be adjusted if (i) the Warrants are theoretically in-the-money as of the last market day on which SUPERMX Shares are traded on a cum-entitlement basis (i.e. S is larger than R); and (ii) the adjustment would result in greater than or equal to two percent (2%) of the Exercise Price and Exercise Ratio being changed. We shall make the announcement on the actual adjustments to SUPERMX-C4M on the Last Cum Date. |
Announcement Info
| Company Name | SUPERMX-C4M: CW SUPERMAX CORPORATION BERHAD (AFFIN) |
| Stock Name | SUPERMX-C4M |
| Date Announced | 13 Feb 2025 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-12022025-00009 |