The terms used herein shall,
unless the context otherwise stated, bear the same meaning as those defined in
the earlier announcement dated 17 October 2014 in relation to the Proposals.
We
refer to the announcements dated 17 October 2014, 12 November 2014, 24 November
2014, 17 February 2015 and 3 March 2015 in relation to the Proposals.
On behalf of the Board of KNM, further to the price-fixing
of the Rights Shares and exercise price of Warrants B, Affin Hwang IB wishes to
notify that consequential adjustments will be made to the number of additional
Warrants A to be issued as well as its exercise price in accordance to the Deed
Poll A (Warrants A Adjustments) in
respect of the outstanding Warrants A which are not exercised prior to the
entitlement date, being 27 March 2015 at 5.00 p.m. (Entitlement Date). Accordingly, pursuant to the Rights Issue with
Warrants, up to 29,503,369 additional Warrants A (Additional Warrants A) will be issued to the warrantholders
registered in the Record of Depositors for Warrants A in proportion to their
holdings of Warrants A. For illustration purpose only, a warrantholder holding
100 Warrants A and whose name appears in the Record of Depositors for Warrants
A on the Entitlement Date shall be entitled to 6 additional Warrants A and the
exercise price of the outstanding Warrants A shall be adjusted from RM1.00 to
RM0.97 per Warrant A.
Further to the above, Affin Hwang IB also wishes to
notify that consequential adjustments will be made to the number of additional ESOS
options to be issued as well as its exercise price in accordance to the ESOS By
Laws (ESOS Adjustments) in respect
of the outstanding ESOS options granted. Accordingly, pursuant to the Rights
Issue with Warrants, up to 15,694,725 additional ESOS options (Additional ESOS Options) will be
issued to the ESOS options holders whose ESOS options have yet to be exercised on
the Entitlement Date in proportion to the ESOS options granted to them. For illustration purpose only, an ESOS options
holder holding 100 ESOS options shall be entitled to 7 additional ESOS options
and the exercise price of the outstanding ESOS
options granted shall be adjusted from RM0.66 to RM0.64.
The Warrants
A Adjustments and the ESOS Adjustments shall take effect on 30 March 2015,
being the next market day following the Entitlement Date.
The
notice setting out the Warrants A Adjustments will be despatched to the warrantholders
within 21 days from the effective date of the Warrants A Adjustments, whilst
the details of the ESOS Adjustments will be set out in the letter to the
holders of outstanding ESOS options to be despatched within the stipulated time
in accordance to the provisions of the ESOS By Laws. No action is required on
the part of the warrantholders and ESOS options holders in respect of the Warrants
A Adjustments and ESOS Adjustments, respectively.
This announcement is dated 13 March 2015.