Adjustment
| YTL-C1A: CW YTL CORPORATION BERHAD (MACQ) |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENTS TO THE TERMS AND CONDITIONS OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS EXPIRING ON 30 JUNE 2025 OVER ORDINARY SHARES OF YTL CORPORATION BERHAD ("YTL") ("YTL-C1A") PURSUANT TO THE BONUS ISSUE OF UP TO 2,267,112,038 WARRANTS IN YTL ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 5 EXISTING ORDINARY SHARES IN YTL ("SHARES") HELD AS AT 5.00 P.M. ON 27 MAY 2025 ("BONUS ISSUE OF WARRANTS") |
| EX-date | 26 May 2025 |
| Entitlement date | 27 May 2025 |
| Entitlement time | 5:00 PM |
| 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 | 27 May 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 |
MACQUARIE CAPITAL SECURITIES (MALAYSIA) SDN BHD c/o Unit 30-01, Level 30, Tower A Vertical Business Suite, Avenue 3, Bangsar South No. 8, Jalan Kerinchi 59200 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0320598840 Fax:0320321889 |
| Remarks : |
Please refer to Macquarie Capital Securities (Malaysia) Sdn. Bhd.'s announcement dated 27 January 2025 regarding adjustments to the terms of YTL-C1A. Definitions contained in the earlier announcement shall apply throughout this announcement, unless otherwise defined herein. In accordance with Condition 6 of the "Conditions of the Cash-Settled Single Equity Call or Put Warrants" as set out in the Deed Poll dated 13 September 2024 and subject to the conditions as further set out below, the Exercise Price and Exercise Ratio shall be adjusted in accordance with the following formulae (and rounded to the nearest four decimal points): (i) Adjusted Exercise Price = [(1 + (R/S) x M) / (1+M)] x X (ii) Adjusted Exercise Ratio = [(1 + (R/S) x M) / (1+M)] x E Where: R = RM1.50, being the exercise price of the Warrants S = The last traded price of the Shares on the last market day on which the Shares are traded on a cum-entitlement basis M = 0.2, being the number of Warrants (whether a whole or a fraction) per existing Share that a Shareholder would be entitled to receive under the Bonus Issue of Warrants X = RM2.78, being the existing Exercise Price of YTL-C1A immediately prior to the Bonus Issue of Warrants E = 6, being the existing Exercise Ratio of YTL-C1A immediately prior to the Bonus Issue of Warrants Notwithstanding the foregoing, no adjustments will be made to the Exercise Price and/or Exercise Ratio if (i) the Bonus Warrants are theoretically out-of-the-money as of the last market day on which the Shares are traded on a cum-entitlement basis (i.e. S is smaller than R); or (ii) the formulae above results in an adjustment which would amount to less than two percent (2%) of the Exercise Price and/or Exercise Ratio being changed. We will make an announcement on any actual adjustments on the last market day on which the Shares are traded on a cum-entitlement basis. Actual adjustments will take effect from 9.00 am on 26 May 2025, being the ex-date of the Bonus Issue of Warrants. This announcement is dated 8 May 2025. |
Announcement Info
| Company Name | YTL-C1A: CW YTL CORPORATION BERHAD (MACQ) |
| Stock Name | YTL-C1A |
| Date Announced | 08 May 2025 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-06052025-00011 |