Entitlement(Notice of Book Closure)
28/09/2020Adjustment
| KOSSAN-C9: CW KOSSAN RUBBER INDUSTRIES BERHAD (AM) |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF KOSSAN RUBBER INDUSTRIES BERHAD ("KOSSAN") ("KOSSAN SHARES") ("KOSSAN-C9") PURSUANT TO BONUS ISSUE OF UP TO 1,278,935,808 NEW ORDINARYSHARES IN KOSSAN ("BONUS SHARES") ON THE BASIS OF1 BONUS SHARE FOR EVERY 1 EXISTING KOSSAN SHARE HELD ON 12 OCTOBER 2020 ("ENTITLEMENT DATE") ("BONUS ISSUE") |
| EX-date | 09 Oct 2020 |
| Entitlement date | 12 Oct 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 | 12 Oct 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 | 0.0000 : 0.0000 |
| 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 Malaysia Tel:0327839299 Fax:0327839222 |
| Remarks : |
Remarks:
(Unless otherwise defined in this announcement, the definitions contained in the announcement dated 26 August 2020 shall apply throughout this announcement)
Reference is also made to the base prospectus dated 17 July 2019 ("Base Prospectus"), the first supplementary base prospectus dated 26 February 2020 ("First Supplementary Base Prospectus"), and the Term Sheet governing the terms and conditions of KOSSAN-C9 dated 17 June 2020
The terms and conditions of the KOSSAN-C9 shall be correspondingly adjusted based on the formulas below:
(I) Adjusted Exercise Ratio = E / (1+N)
(II) Adjusted Exercise Price = X / (1+N)
where,
X = RM10.00, being the existing Exercise Price of KOSSAN-C9 immediately prior to the Bonus Issue
N = 1, being the number of additional KOSSAN Share (whether a whole or fraction) received by a holder of existing KOSSAN Share for each KOSSAN Share held prior to the Bonus Issue
E = 12, being the existing Exercise Ratio of KOSSAN-C9 immediately prior to the Bonus Issue
Based on the formulas above,
(I) Exercise Ratio of KOSSAN-C9 will be adjusted from 12 to 6.
(II) Exercise Price of KOSSAN-C9 will be adjusted from RM10.00 to RM5.00.
The actual adjustments to KOSSAN-C9 will take effect immediately on the ex-date of the Bonus Issue on 9 October 2020.
This announcement is dated 28 September 2020. |
Announcement Info
| Company Name | KOSSAN-C9: CW KOSSAN RUBBER INDUSTRIES BERHAD (AM) |
| Stock Name | KOSSAN-C9 |
| Date Announced | 28 Sep 2020 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-28092020-00016 |