Entitlement subject Adjustment
Entitlement description
Adjustment to the Conversion Ratio of the RCPS-i B (as defined herein) in accordance with Clause 13(k) of the Constitution of S P Setia Berhad ("S P Setia") as a result of the renounceable rights issue of up to 3,069,191,630 new Class C Islamic redeemable convertible preference shares in S P Setia ("RCPS-i C") at an issue price of RM0.38 per RCPS-i C on the basis of 67 RCPS-i C for every 100 existing ordinary shares in S P Setia ("Shares") held as at 5:00 p.m. on 2 November 2022 ("Rights Issue") ("Adjustment")
EX-date 01 Nov 2022
Entitlement date 02 Nov 2022
Entitlement time 5:00 PM
Financial Year End 31 Dec 2022
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 02 Nov 2022
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 5.0000 : 21.0000
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



Remarks :
S P Setia has announced that the entitlement date for the Rights Issue has been fixed at 5:00 p.m. on 2 November 2022 ("Entitlement Date"). 

Holders of the existing Class B Islamic redeemable convertible preference shares in S P Setia issued on 29 December 2017 ("RCPS-i B") ("RCPS-i B Holders") who wish to be entitled to the Rights Issue should lodge their duly completed conversion forms with the Share Registrar on or before 5:00 p.m. on 19 October 2022. This is to enable the new Shares arising from such conversions be allotted to the respective RCPS-i B Holders such that their names will appear on the Record of Depositors of S P Setia by the Entitlement Date.

Nevertheless, the RCPS-i B Holders whose names appear in the Record of Depositors of RCPS-i B on the Entitlement Date shall be entitled to the Adjustment. The Conversion Ratio after the Adjustment will be announced and the notice setting out the Adjustment will be despatched to the RCPS-i B Holders in due course. The effective date of the Adjustment is on Thursday, 3 November 2022, being the next market day following the Entitlement Date. 

This Announcement is dated 18 October 2022.

Announcement Info

Date Announced 18 Oct 2022
Category Entitlement(Notice of Book Closure)
Reference Number ENT-29092022-00013

View original