PPB - General Announcement
Announcement Type: General Announcement
Company Name: PPB GROUP BERHAD
Stock Name: PPB
Date Announced: 24/09/2010
Announcement Detail:
Type: Announcement
Subject: Announcement by Wilmar International Limited ("Wilmar"), an 18.4%-associate of PPB Group Berhad, to the Singapore Exchange Securities Trading Limited ("SGX") on the completion of the acquisition of 91.38% of Natural Oleochemicals Sdn Bhd ("Natoleo")
Contents: -
Attachments: Completion of WIL's acquisition of 91.38% of Natoleo.pdf
Company Name: PPB GROUP BERHAD
Stock Name: PPB
Date Announced: 24/09/2010
Announcement Detail:
Type: Announcement
Subject: Announcement by Wilmar International Limited ("Wilmar"), an 18.4%-associate of PPB Group Berhad, to the Singapore Exchange Securities Trading Limited ("SGX") on the completion of the acquisition of 91.38% of Natural Oleochemicals Sdn Bhd ("Natoleo")
Contents: -
Attachments: Completion of WIL's acquisition of 91.38% of Natoleo.pdf
LIONIND - Dealings in Securities by Principal Officers Outside Closed Period
Announcement Type: General Announcement
Company Name: LION INDUSTRIES CORPORATION BERHAD
Stock Name: LIONIND
Date Announced: 24/09/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in Securities by Principal Officers Outside Closed Period
Contents: Pursuant to Chapter 14 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the principal officers of the Company have dealt in the securities of the Company as set out in Table 1 hereunder.
Company Name: LION INDUSTRIES CORPORATION BERHAD
Stock Name: LIONIND
Date Announced: 24/09/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in Securities by Principal Officers Outside Closed Period
Contents: Pursuant to Chapter 14 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the principal officers of the Company have dealt in the securities of the Company as set out in Table 1 hereunder.
UMW - General Announcement
Announcement Type: General Announcement
Company Name: UMW HOLDINGS BERHAD
Stock Name: UMW
Date Announced: 24/09/2010
Announcement Detail:
Type: Announcement
Subject: Dealing by Principal Officers of UMW Holdings Berhad ("UMW") outside closed period pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Principal Officers of UMW had transacted in the securities of UMW, as set out in Table 1 and Table 2 below.
Company Name: UMW HOLDINGS BERHAD
Stock Name: UMW
Date Announced: 24/09/2010
Announcement Detail:
Type: Announcement
Subject: Dealing by Principal Officers of UMW Holdings Berhad ("UMW") outside closed period pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Principal Officers of UMW had transacted in the securities of UMW, as set out in Table 1 and Table 2 below.
AIRPORT - General Announcement
Announcement Type: General Announcement
Company Name: MALAYSIA AIRPORTS HOLDINGS BERHAD
Stock Name: AIRPORT
Date Announced: 24/09/2010
Announcement Detail:
Type: Announcement
Subject: MALAYSIA AIRPORTS HOLDINGS BERHAD ("Malaysia Airports")
Passenger, Cargo and Aircraft Movements for July 2010
Contents: Malaysia Airports is pleased to announce the passenger, cargo and aircraft movements at airports operated by Malaysia Airports Group for the month of July 2010 as attached therewith.
Attachments: July 2010.xls
Company Name: MALAYSIA AIRPORTS HOLDINGS BERHAD
Stock Name: AIRPORT
Date Announced: 24/09/2010
Announcement Detail:
Type: Announcement
Subject: MALAYSIA AIRPORTS HOLDINGS BERHAD ("Malaysia Airports")
Passenger, Cargo and Aircraft Movements for July 2010
Contents: Malaysia Airports is pleased to announce the passenger, cargo and aircraft movements at airports operated by Malaysia Airports Group for the month of July 2010 as attached therewith.
Attachments: July 2010.xls
ATIS - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: ATIS CORPORATION BERHAD
Stock Name: ATIS
Date Announced: 24/09/2010
Announcement Detail:
Type: Announcement
Subject: ATIS CORPORATION BERHAD ("ATIS" OR "COMPANY")
(I) PROPOSED ACQUISITION OF 69,915,600 ORDINARY SHARES OF RM1.00 EACH IN MUTIARA GOODYEAR DEVELOPMENT BERHAD ("MUTIARA SHARES") REPRESENTING 30.28% EQUITY INTEREST IN MUTIARA GOODYEAR DEVELOPMENT BERHAD ("MUTIARA") BY ATIS IDR VENTURES SDN BHD (FORMERLY KNOWN AS ELKOM TRANSFORMER COMPONENTS MARKETING SDN BHD) ("AIV"), A WHOLLY-OWNED SUBSIDIARY OF ATIS, FROM THE COMPANY FOR A TOTAL CONSIDERATION OF RM67,818,132 TO BE SATISFIED BY THE ISSUANCE OF 27,500,000 NEW ORDINARY SHARES OF RM1.00 EACH IN AIV ("AIV SHARES") AND THE REMAINING THROUGH THE ISSUANCE OF 40,318,132 FIVE (5)-YEAR 6.00% REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("AIV RCPS") AT AN ISSUE PRICE OF RM1.00 PER AIV RCPS ("PROPOSED ACQUISITION 1");
(II) PROPOSED SUBSCRIPTION OF 22,500,000 AIV SHARES BY IDEAL REGION SDN BHD ("IRSB") FOR A TOTAL CONSIDERATION OF RM22,500,000 TO BE SATISFIED BY CASH OR MUTIARA SHARES OR COMBINATION OF CASH AND MUTIARA SHARES EQUIVALENT TO THE TOTAL VALUE OF RM22,500,000 ("PROPOSED SUBSCRIPTION");
(III) PROPOSED ACQUISITION OF 27,712,100 MUTIARA SHARES REPRESENTING 12.00% EQUITY INTEREST IN MUTIARA BY AIV FROM KEE CHENG TEIK ("KCT") AND REJOICE MATRIX SDN BHD ("RMSB") FOR A TOTAL CASH CONSIDERATION OF RM26,880,737 ("PROPOSED ACQUISITION 2");
(IV) PROPOSED GENERAL MANDATE FROM THE SHAREHOLDERS OF ATIS TO ALLOW AIV TO ACQUIRE UP TO 20,000,000 MUTIARA SHARES REPRESENTING 8.66% EQUITY INTEREST IN MUTIARA; AND
(V) THE MANDATORY GENERAL OFFER BY MAYBANK INVESTMENT BANK BERHAD ON BEHALF OF ATIS AND AIV ("JOINT OFFERORS") TO ACQUIRE ALL THE MUTIARA SHARES NOT ALREADY OWNED BY THE JOINT OFFERORS AND ITS PARTIES ACTING IN CONCERT PURSUANT TO THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 1998 ("CODE").
(COLLECTIVELY REFERRED TO AS "PROPOSALS")
Contents: Reference is made to the announcements by Maybank Investment Bank Berhad ("Maybank IB") on behalf of the Company on 23 April 2010, 2 July 2010, 15 July 2010 and 8 September 2010.
On behalf of the Board of Directors of ATIS, Maybank IB is pleased to announce that the ordinary resolutions in relation to the Proposals were approved by the shareholders of ATIS at the extraordinary general meeting held on 24 September 2010.
Pursuant to the above, the subscription agreement entered into between ATIS, AIV and IRSB dated 23 April 2010 and the share sale agreement entered into between AIV, KCT and RMSB dated 23 April 2010 have become unconditional. Pursuant to Section 217 of Division 2 of Part VI of the Capital Markets & Services Act, 2007 and Section 6 (4) of the Code, the Joint Offerors are now required to extend a mandatory take-over offer to acquire all the remaining Mutiara Shares not already owned by the Joint Offerors.
In connection to the above, Maybank IB has on even date served the notice of conditional take-over offer on the Board of Directors of Mutiara ("Notice"). A copy of the Notice is attached below.
This announcement is dated 24 September 2010.
Attachments: Notice.pdf
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: ATIS CORPORATION BERHAD
Stock Name: ATIS
Date Announced: 24/09/2010
Announcement Detail:
Type: Announcement
Subject: ATIS CORPORATION BERHAD ("ATIS" OR "COMPANY")
(I) PROPOSED ACQUISITION OF 69,915,600 ORDINARY SHARES OF RM1.00 EACH IN MUTIARA GOODYEAR DEVELOPMENT BERHAD ("MUTIARA SHARES") REPRESENTING 30.28% EQUITY INTEREST IN MUTIARA GOODYEAR DEVELOPMENT BERHAD ("MUTIARA") BY ATIS IDR VENTURES SDN BHD (FORMERLY KNOWN AS ELKOM TRANSFORMER COMPONENTS MARKETING SDN BHD) ("AIV"), A WHOLLY-OWNED SUBSIDIARY OF ATIS, FROM THE COMPANY FOR A TOTAL CONSIDERATION OF RM67,818,132 TO BE SATISFIED BY THE ISSUANCE OF 27,500,000 NEW ORDINARY SHARES OF RM1.00 EACH IN AIV ("AIV SHARES") AND THE REMAINING THROUGH THE ISSUANCE OF 40,318,132 FIVE (5)-YEAR 6.00% REDEEMABLE CONVERTIBLE PREFERENCE SHARES ("AIV RCPS") AT AN ISSUE PRICE OF RM1.00 PER AIV RCPS ("PROPOSED ACQUISITION 1");
(II) PROPOSED SUBSCRIPTION OF 22,500,000 AIV SHARES BY IDEAL REGION SDN BHD ("IRSB") FOR A TOTAL CONSIDERATION OF RM22,500,000 TO BE SATISFIED BY CASH OR MUTIARA SHARES OR COMBINATION OF CASH AND MUTIARA SHARES EQUIVALENT TO THE TOTAL VALUE OF RM22,500,000 ("PROPOSED SUBSCRIPTION");
(III) PROPOSED ACQUISITION OF 27,712,100 MUTIARA SHARES REPRESENTING 12.00% EQUITY INTEREST IN MUTIARA BY AIV FROM KEE CHENG TEIK ("KCT") AND REJOICE MATRIX SDN BHD ("RMSB") FOR A TOTAL CASH CONSIDERATION OF RM26,880,737 ("PROPOSED ACQUISITION 2");
(IV) PROPOSED GENERAL MANDATE FROM THE SHAREHOLDERS OF ATIS TO ALLOW AIV TO ACQUIRE UP TO 20,000,000 MUTIARA SHARES REPRESENTING 8.66% EQUITY INTEREST IN MUTIARA; AND
(V) THE MANDATORY GENERAL OFFER BY MAYBANK INVESTMENT BANK BERHAD ON BEHALF OF ATIS AND AIV ("JOINT OFFERORS") TO ACQUIRE ALL THE MUTIARA SHARES NOT ALREADY OWNED BY THE JOINT OFFERORS AND ITS PARTIES ACTING IN CONCERT PURSUANT TO THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 1998 ("CODE").
(COLLECTIVELY REFERRED TO AS "PROPOSALS")
Contents: Reference is made to the announcements by Maybank Investment Bank Berhad ("Maybank IB") on behalf of the Company on 23 April 2010, 2 July 2010, 15 July 2010 and 8 September 2010.
On behalf of the Board of Directors of ATIS, Maybank IB is pleased to announce that the ordinary resolutions in relation to the Proposals were approved by the shareholders of ATIS at the extraordinary general meeting held on 24 September 2010.
Pursuant to the above, the subscription agreement entered into between ATIS, AIV and IRSB dated 23 April 2010 and the share sale agreement entered into between AIV, KCT and RMSB dated 23 April 2010 have become unconditional. Pursuant to Section 217 of Division 2 of Part VI of the Capital Markets & Services Act, 2007 and Section 6 (4) of the Code, the Joint Offerors are now required to extend a mandatory take-over offer to acquire all the remaining Mutiara Shares not already owned by the Joint Offerors.
In connection to the above, Maybank IB has on even date served the notice of conditional take-over offer on the Board of Directors of Mutiara ("Notice"). A copy of the Notice is attached below.
This announcement is dated 24 September 2010.
Attachments: Notice.pdf
KINSTEL - KINSTEL-EXERCISE OF 21,400 WARRANTS 2005/2011 ("EXERCISE")
Announcement Type: Listing Circular
Company Name: KINSTEEL BHD
Stock Name: KINSTEL
Date Announced: 24/09/2010
Announcement Detail:
Subject: KINSTEL-EXERCISE OF 21,400 WARRANTS 2005/2011 ("EXERCISE")
Contents: Kindly be advised that the abovementioned Company's additional 21,400 new ordinary shares of RM0.20 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00 a.m., Tuesday, 28 September 2010.
Company Name: KINSTEEL BHD
Stock Name: KINSTEL
Date Announced: 24/09/2010
Announcement Detail:
Subject: KINSTEL-EXERCISE OF 21,400 WARRANTS 2005/2011 ("EXERCISE")
Contents: Kindly be advised that the abovementioned Company's additional 21,400 new ordinary shares of RM0.20 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00 a.m., Tuesday, 28 September 2010.
MASTEEL - MALAYSIA STEEL WORKS (KL) BHD ("Masteel" or "Company") WARRANTS ISSUE
Announcement Type: General Announcement
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: MALAYSIA STEEL WORKS (KL) BHD
Stock Name: MASTEEL
Date Announced: 24/09/2010
Announcement Detail:
Type: Announcement
Subject: MALAYSIA STEEL WORKS (KL) BHD ("Masteel" or "Company")
WARRANTS ISSUE
Contents: Further to earlier announcements in relation to the Warrants Issue and on behalf of the Board of Directors of Masteel, MIMB Investment Bank Berhad ("MIMB") is pleased to announce that Masteel had on 24 September 2010 executed a Deed Poll constituting 105,378,333 Warrants to be issued pursuant to the Warrants Issue.
For consistency, the abbreviations used above are the same as those previously defined in the Company's announcement dated 18 May 2010.
This announcement is dated 24 September 2010.
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: MALAYSIA STEEL WORKS (KL) BHD
Stock Name: MASTEEL
Date Announced: 24/09/2010
Announcement Detail:
Type: Announcement
Subject: MALAYSIA STEEL WORKS (KL) BHD ("Masteel" or "Company")
WARRANTS ISSUE
Contents: Further to earlier announcements in relation to the Warrants Issue and on behalf of the Board of Directors of Masteel, MIMB Investment Bank Berhad ("MIMB") is pleased to announce that Masteel had on 24 September 2010 executed a Deed Poll constituting 105,378,333 Warrants to be issued pursuant to the Warrants Issue.
For consistency, the abbreviations used above are the same as those previously defined in the Company's announcement dated 18 May 2010.
This announcement is dated 24 September 2010.
BPPLAS - General Announcement
Announcement Type: General Announcement
Company Name: BP PLASTICS HOLDING BHD
Stock Name: BPPLAS
Date Announced: 24/09/2010
Announcement Detail:
Type: Announcement
Subject: BP PLASTICS HOLDING BHD ("BPHB" OR "THE COMPANY")
ACQUISITION OF THE ENTIRE EQUITY OF BPPLAS PLANTATION SDN. BHD. (COMPANY NO.904086-A) BY BPHB AT A TOTAL CASH CONSIDERATION OF RM2.00 ("THE ACQUISITION")
Contents: We wish to announce that BPHB has on 24 September 2010 acquired 2 ordinary shares of RM1.00 each, representing the entire total issued and paid-up capital of BPPlas Plantation Sdn Bhd ("BPPP") (Company No. 904086-A) from Mr. Lim Chun Yow and Mr. Tan See Khim, both are Executive Directors and major shareholders of BPHB for cash at par. The Acquisition is meant for any future potential investments into the plantation business.
BPPP was incorporated in Malaysia on 10 June 2010 as a private limited company under the Companies Act, 1965. As at the date of this announcement, BPPP has an authorised share capital of RM100,000.00 divided into 100,000 shares of RM1.00 each, of which RM2.00 comprising 2 ordinary shares of RM1.00 each have been issued and fully paid-up.
The existing directors and shareholders of BPPP are Mr. Lim Chun Yow and Mr. Tan See Khim. Each of them holds 1 ordinary share each of RM1.00 each in the share capital of BPPP. Both of them are also the Executive Directors and major shareholders of BPHB.
The consideration for the Acqusition is RM2.00 in total was arrived at par value of the 2 ordinary shares in the share capital of BPPP to be acquired by BPHB, and after taking into consideration BPPP is dormant and has not commence its business operation as at the date of the Acquisition.
The Acquisition will not have any effect on the issued and paid-up share capital of the Company and the Company's substantial shareholders' shareholding as the Acquisition not involve any issuance of shares. It also does not have any material effect on its consolidated net assets per share and is not expected to have any material effect on the consolidated earnings per share of BPHB for the financial year ending 31 December 2010.
The Acquisition is not expected to have any effect on the gearing of BPHB and the Acquisition shall be fully satisfied by cash.
The Acquisition do not require the approvals of the shareholders of BPHB or any relevant authorities.
The interested directors namely, Mr. Lim Chun Yow and Mr. Tan See Khim, have abstained from the board deliberations in relation to the Acquisition. Save as disclose above, none of the other directors or major shareholders or persons connected with them have any interest, direct or indirect, in the Acquisition.
The Board (with the exception of Mr. Lim Chun Yow, Mr. Tan See Khim who is deemed interested in the Acquisition), having considered all aspects of the Acquisition, is of the opinion that the Acquisition is fair and reasonable and not to the detriment of the Company or its shareholders, is in the best interests of the Group.
The announcement is dated 24 September 2010.
Company Name: BP PLASTICS HOLDING BHD
Stock Name: BPPLAS
Date Announced: 24/09/2010
Announcement Detail:
Type: Announcement
Subject: BP PLASTICS HOLDING BHD ("BPHB" OR "THE COMPANY")
ACQUISITION OF THE ENTIRE EQUITY OF BPPLAS PLANTATION SDN. BHD. (COMPANY NO.904086-A) BY BPHB AT A TOTAL CASH CONSIDERATION OF RM2.00 ("THE ACQUISITION")
Contents: We wish to announce that BPHB has on 24 September 2010 acquired 2 ordinary shares of RM1.00 each, representing the entire total issued and paid-up capital of BPPlas Plantation Sdn Bhd ("BPPP") (Company No. 904086-A) from Mr. Lim Chun Yow and Mr. Tan See Khim, both are Executive Directors and major shareholders of BPHB for cash at par. The Acquisition is meant for any future potential investments into the plantation business.
BPPP was incorporated in Malaysia on 10 June 2010 as a private limited company under the Companies Act, 1965. As at the date of this announcement, BPPP has an authorised share capital of RM100,000.00 divided into 100,000 shares of RM1.00 each, of which RM2.00 comprising 2 ordinary shares of RM1.00 each have been issued and fully paid-up.
The existing directors and shareholders of BPPP are Mr. Lim Chun Yow and Mr. Tan See Khim. Each of them holds 1 ordinary share each of RM1.00 each in the share capital of BPPP. Both of them are also the Executive Directors and major shareholders of BPHB.
The consideration for the Acqusition is RM2.00 in total was arrived at par value of the 2 ordinary shares in the share capital of BPPP to be acquired by BPHB, and after taking into consideration BPPP is dormant and has not commence its business operation as at the date of the Acquisition.
The Acquisition will not have any effect on the issued and paid-up share capital of the Company and the Company's substantial shareholders' shareholding as the Acquisition not involve any issuance of shares. It also does not have any material effect on its consolidated net assets per share and is not expected to have any material effect on the consolidated earnings per share of BPHB for the financial year ending 31 December 2010.
The Acquisition is not expected to have any effect on the gearing of BPHB and the Acquisition shall be fully satisfied by cash.
The Acquisition do not require the approvals of the shareholders of BPHB or any relevant authorities.
The interested directors namely, Mr. Lim Chun Yow and Mr. Tan See Khim, have abstained from the board deliberations in relation to the Acquisition. Save as disclose above, none of the other directors or major shareholders or persons connected with them have any interest, direct or indirect, in the Acquisition.
The Board (with the exception of Mr. Lim Chun Yow, Mr. Tan See Khim who is deemed interested in the Acquisition), having considered all aspects of the Acquisition, is of the opinion that the Acquisition is fair and reasonable and not to the detriment of the Company or its shareholders, is in the best interests of the Group.
The announcement is dated 24 September 2010.
IQGROUP - General Announcement
Announcement Type: General Announcement
Company Name: IQ GROUP HOLDINGS BERHAD
Stock Name: IQGROUP
Date Announced: 24/09/2010
Announcement Detail:
Type: Announcement
Subject: IQ Group Holdings Berhad
Announcement on the results of the Seventh Annual General Meeting held on 24 September 2010
Contents: IQ Group Holdings Berhad
Announcement on the results of the Seventh Annual General Meeting held on 24 September 2010
Company Name: IQ GROUP HOLDINGS BERHAD
Stock Name: IQGROUP
Date Announced: 24/09/2010
Announcement Detail:
Type: Announcement
Subject: IQ Group Holdings Berhad
Announcement on the results of the Seventh Annual General Meeting held on 24 September 2010
Contents: IQ Group Holdings Berhad
Announcement on the results of the Seventh Annual General Meeting held on 24 September 2010
KENCANA-CA - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Name: KENCANA-CA: CW KENCANA PETROLEUM BHD (CIMB)
Stock Name: KENCANA-CA
Date Announced: 24/09/2010
Announcement Detail:
Type: Announcement
Subject: CIMB BANK BERHAD ("CIMB BANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF KENCANA PETROLEUM BERHAD ("KENCANA") ("KENCANA-CA")
Contents: We wish to announce that the KENCANA-CA expired at 5.00 p.m. on 24 September 2010 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount = Number of KENCANA-CA x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of KENCANA-CA x (RM1.6402 - RM1.1872) x (1/1.7809)
= Number of KENCANA-CA x RM0.2544
The Closing Price of RM1.6402 is the arithmetic mean of daily volume weighted average market price of KENCANA shares for the 5 market days prior to and including the market day immediately before the Expiry Date.
The Cash Settlement Amount, less all exercise expenses shall be made by way of cheque within 7 market days from the Expiry Date. The cheques will be delivered to warrantholders by ordinary post.
This announcement is dated 24 September 2010.
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Name: KENCANA-CA: CW KENCANA PETROLEUM BHD (CIMB)
Stock Name: KENCANA-CA
Date Announced: 24/09/2010
Announcement Detail:
Type: Announcement
Subject: CIMB BANK BERHAD ("CIMB BANK")
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF KENCANA PETROLEUM BERHAD ("KENCANA") ("KENCANA-CA")
Contents: We wish to announce that the KENCANA-CA expired at 5.00 p.m. on 24 September 2010 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount = Number of KENCANA-CA x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of KENCANA-CA x (RM1.6402 - RM1.1872) x (1/1.7809)
= Number of KENCANA-CA x RM0.2544
The Closing Price of RM1.6402 is the arithmetic mean of daily volume weighted average market price of KENCANA shares for the 5 market days prior to and including the market day immediately before the Expiry Date.
The Cash Settlement Amount, less all exercise expenses shall be made by way of cheque within 7 market days from the Expiry Date. The cheques will be delivered to warrantholders by ordinary post.
This announcement is dated 24 September 2010.
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