Adjustment
| TENAGA-C83: CW TENAGA NASIONAL BHD (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 TENAGA NASIONAL BERHAD ("TENAGA") ("TENAGA SHARES") ("TENAGA-C83") PURSUANT TO A SPECIAL SINGLE-TIER DIVIDEND OF 40.0 SEN PER ORDINARY SHARE ("SPECIAL DIVIDEND"). |
| EX-date | 30 Mar 2021 |
| Entitlement date | 31 Mar 2021 |
| 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 | 31 Mar 2021 |
| 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 : |
In accordance with Part 1 Section 6.1(d) of the Deed Poll dated 3 August 2020, the base prospectus dated 13 August 2020 ("Base Prospectus") and the Term Sheet governing the terms and conditions of the TENAGA-C83 dated 2 November 2020, the terms and condition of TENAGA-C83 will be correspondingly adjusted based on the formula below:
(I) Adjusted Exercise Ratio = E x [(P-D) / P]
(II) Adjusted Exercise Price = X x [(P-D) / P]
whereby:-
P = Closing price of TENAGA Share on the last market day on which TENAGA Share is traded on a cum-entitlement basis.
D = RM0.40, being the Special Dividend per one (1) TENAGA Share held.
X = RM10.30, being the existing Exercise Price of TENAGA-C83 immediately prior to the Special Dividend.
E = 20, being the existing Exercise Ratio of TENAGA-C83 immediately prior to the Special Dividend.
We shall make the announcement on the actual adjustments to TENAGA-C83 on the Last Cum Date.
No adjustment shall be made to the Exercise Ratio or the Exercise Price if the adjustment would amount to less than 2% of the Exercise Ratio or the Exercise Price being changed.
This announcement is dated 16 March 2021. |
Announcement Info
| Company Name | TENAGA-C83: CW TENAGA NASIONAL BHD (AM) |
| Stock Name | TENAGA-C83 |
| Date Announced | 16 Mar 2021 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-16032021-00025 |