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SUNWAY-WB

Adjustment

SUNWAY BERHAD

Entitlement subject Adjustment
Entitlement description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2017/2024 OF SUNWAY BERHAD ("SUNWAY") ("WARRANTS") IN ACCORDANCE WITH THE DEED POLL DATED 19 SEPTEMBER 2017 CONSTITUTING THE WARRANTS ("DEED POLL"), PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP 1,112,777,962 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES ("ICPS") IN SUNWAY AT THE ISSUE PRICE OF RM1.00 PER ICPS ON THE BASIS OF ONE ICPS FOR EVERY FIVE EXISTING ORDINARY SHARES IN SUNWAY ("SUNWAY SHARES") HELD BY THE ENTITLED SHAREHOLDERS AS AT 5.00 P.M. ON 6 NOVEMBER 2020 ("RIGHTS ISSUE OF ICPS") ("ADJUSTMENTS")
EX-date 05 Nov 2020
Entitlement date 06 Nov 2020
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 04 Nov 2020
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 0.0628 : 1.0000
Rights Issue/Offer Price
Par Value (if applicable)
Registrar or Service Provider name, address, telephone no SUNWAY MANAGEMENT SDN BHD
Level 16, Menara Sunway
Jalan Lagoon Timur

Bandar Sunway

47500 Subang Jaya

Selangor

Malaysia

Tel:0356398889
Fax:0356399507


Remarks :
Following the Rights Issue of ICPS, the exercise price and the number of outstanding Warrants shall be adjusted in accordance with the provisions of the Deed Poll. The exercise price of the Warrants will be adjusted from RM1.65 per Sunway Share to RM1.56 per Sunway Share.

The additional Warrants arising from the Adjustments will be allotted and issued to the Warrant Holders whose names appear in the Record of Depositors of Sunway at 5.00 pm on 6 November 2020 ("Entitlement Date").

The actual number of the additional Warrants to be allotted and issued would depend on the number of outstanding Warrants as at the Entitlement Date.

The additional Warrants will be listed and quoted simultaneously with the ICPS on the Main Market of Bursa Malaysia Securities Berhad on 8 December 2020. The Adjustments will only be finalised on the Entitlement Date and will be effective on the following market day.

A notice to the Warrant Holders on the Adjustments will be despatched to the Warrant Holders in due course.

This announcement is dated 26 October 2020.


Announcement Info

Company Name SUNWAY BERHAD
Stock Name SUNWAY-WB
Date Announced 26 Oct 2020
Category Entitlement(Notice of Book Closure)
Reference Number ENT-26102020-00014


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