SPSETIA-PA
Adjustment
| S P SETIA BERHAD |
| EX-date | 28 Nov 2017 |
| Entitlement date | 30 Nov 2017 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Adjustment |
| Entitlement description | Adjustment to the Conversion Ratio of RCPS-i A (as defined herein) in accordance to the Constitution of S P Setia Berhad ("S P Setia") ("Adjustment") pursuant to the: (i) renounceable rights issue of new ordinary shares in S P Setia ("Rights Shares") on the basis of 2 Rights Shares for every 15 existing ordinary shares in S P Setia ("Shares") held as at 5.00 p.m. on 30 November 2017 at an issue price of RM2.65 per Rights Share ("Rights Issue of Shares"); and (ii) renounceable rights issue of new class B Islamic redeemable convertible preference shares in S P Setia ("RCPS-i B") on the basis of 2 RCPS-i B for every 5 existing Shares held as at 5.00 p.m. on 30 November 2017 at an issue price of RM0.88 per RCPS-i B ("Rights Issue of RCPS-i B") |
| Period of interest payment | to |
| Financial Year End | |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| Registrar or Service Provider name, address, telephone no | SYSTEMS & SECURITIES SDN BHD Plaza 138, Suite 18.03, 18th Floor 138, Jalan Ampang 50450 Kuala Lumpur Tel: 03-2161 5466 Fax: 03-2163 6968 |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 30 Nov 2017 |
| 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 | 2 : 7 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Remarks : |
S P Setia has announced that the entitlement date for the Rights Issue of Shares and Rights Issue of RCPS-i B (collectively, the "Rights Issue") has been fixed at 5.00 p.m. on 30 November 2017 ("Entitlement Date").
Holders of the existing Islamic redeemable convertible preference shares in S P Setia issued on 2 December 2016 ("RCPS-i A") ("RCPS-i A Holders") who wish to be entitled to the Rights Issue should lodge their duly completed conversion forms, with the Share Registrar, Systems & Securities Sdn Bhd, on or before 5.00 p.m. on 20 November 2017. This is to enable the new Shares arising from such conversions will be allotted to the respective RCPS-i A Holders such that their names will appear on the Record of Depositors of S P Setia by the Entitlement Date.
The RCPS-i A Holders whose names appear in the Record of Depositors of RCPS-i A on the Entitlement Date shall be entitled to the Adjustment. The Conversion Ratio after the Adjustment will be announced in due course.
The effective date of the Adjustment is on Monday, 4 December 2017, being the next market day following the Entitlement Date. The notice setting out the Adjustment will be despatched to the entitled RCPS-i A Holders in due course.
This announcement is dated 16 November 2017. |
Announcement Info
| Company Name | S P SETIA BERHAD |
| Stock Name | SPSETIA-PA |
| Date Announced | 16 Nov 2017 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-16112017-00008 |