SUPERMX-CC - SUPERMX-CC - NOTICE OF BONUS ENTITLEMENT
Announcement Type: Listing Circular
Name: SUPERMX-CC: CW SUPERMAX CORPORATION BERHAD (OSK)
Stock Name: SUPERMX-CC
Date Announced: 07/06/2010
Announcement Detail:
Subject: SUPERMX-CC - NOTICE OF BONUS ENTITLEMENT
Contents: ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS OVER ORDINARY SHARES OF SUPERMAX CORPORATION BERHAD ("SUPERMX") ("SUPERMX-CC") PURSUANT TO THE BONUS ISSUE OF UP TO 71.4 MILLION NEW ORDINARY SHARES OF RM0.50 EACH IN SUPERMX ("SUPERMX SHARES") ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING SUPERMX SHARES HELD ("BONUS ISSUE").
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Adjustment" ]
as from : [ 16 June 2010 ]
2) The last date of lodgement : [ 18 June 2010 ]
Remarks :- In accordance with Condition B3.1 - Adjustment of Exercise Price and Entitlement to the Second Schedule of the Deed Poll dated 3 December 2009, the Entitlement and Exercise Price of the SUPERMX-CC will be adjusted for the Bonus Issue in accordance with the following formula:
1. Adjusted Entitlement = (1 + N) x E
= (1 + 0.25) x 0.1000
= 0.1250 (equivalent to Entitlement of 8 SUPERMX-CC per SUPERMX Share)
2. Adjusted Exercise Price = [1 / (1 + N)] x K
= [1 / (1 + 0.25)] x RM6.30
= RM5.04
Where
E: 0.1000, being the existing Entitlement immediately prior to the Bonus Issue (equivalent to Entitlement of 10 SUPERMX-CC per SUPERMX Share)
N: 0.25, being the number of additional shares (whether a whole or a fraction) received by a holder of existing shares for each share held prior to the Bonus Issue
K: RM6.30, being the existing Exercise Price of SUPERMX-CC immediately prior to the Bonus Issue
The actual adjustments to the Exercise Price and Entitlement of the SUPERMX-CC shall take place on 16 June 2010 ("Ex-Date"), which is the first day of dealings in the SUPERMX on an ex-bonus basis.
Name: SUPERMX-CC: CW SUPERMAX CORPORATION BERHAD (OSK)
Stock Name: SUPERMX-CC
Date Announced: 07/06/2010
Announcement Detail:
Subject: SUPERMX-CC - NOTICE OF BONUS ENTITLEMENT
Contents: ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS OVER ORDINARY SHARES OF SUPERMAX CORPORATION BERHAD ("SUPERMX") ("SUPERMX-CC") PURSUANT TO THE BONUS ISSUE OF UP TO 71.4 MILLION NEW ORDINARY SHARES OF RM0.50 EACH IN SUPERMX ("SUPERMX SHARES") ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING SUPERMX SHARES HELD ("BONUS ISSUE").
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Adjustment" ]
as from : [ 16 June 2010 ]
2) The last date of lodgement : [ 18 June 2010 ]
Remarks :- In accordance with Condition B3.1 - Adjustment of Exercise Price and Entitlement to the Second Schedule of the Deed Poll dated 3 December 2009, the Entitlement and Exercise Price of the SUPERMX-CC will be adjusted for the Bonus Issue in accordance with the following formula:
1. Adjusted Entitlement = (1 + N) x E
= (1 + 0.25) x 0.1000
= 0.1250 (equivalent to Entitlement of 8 SUPERMX-CC per SUPERMX Share)
2. Adjusted Exercise Price = [1 / (1 + N)] x K
= [1 / (1 + 0.25)] x RM6.30
= RM5.04
Where
E: 0.1000, being the existing Entitlement immediately prior to the Bonus Issue (equivalent to Entitlement of 10 SUPERMX-CC per SUPERMX Share)
N: 0.25, being the number of additional shares (whether a whole or a fraction) received by a holder of existing shares for each share held prior to the Bonus Issue
K: RM6.30, being the existing Exercise Price of SUPERMX-CC immediately prior to the Bonus Issue
The actual adjustments to the Exercise Price and Entitlement of the SUPERMX-CC shall take place on 16 June 2010 ("Ex-Date"), which is the first day of dealings in the SUPERMX on an ex-bonus basis.
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