Adjustment

Company Name PCHEM-C65: CW PETRONAS CHEMICALS GROUP BERHAD (MACQ)
Stock Name PCHEM-C65
Date Announced 24 Nov 2021
Category Entitlement(Notice of Book Closure)
Reference Number ENT-24112021-00003

Entitlement subject Adjustment
Entitlement description
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS EXPIRING ON 10 DECEMBER 2021 OVER ORDINARY SHARES ("SHARES") OF PETRONAS CHEMICALS GROUP BERHAD ("PCHEM") ("PCHEM-C65") PURSUANT TO A SPECIAL DIVIDEND OF 10 SEN PER ORDINARY SHARE ("SPECIAL DIVIDEND").
EX-date 07 Dec 2021
Entitlement date 08 Dec 2021
Entitlement time 04:00 PM
Financial Year End
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 08 Dec 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 MACQUARIE CAPITAL SECURITIES (MALAYSIA) SDN BHD
10th floor, Menara Hap Seng
No. 1 & 3, Jalan P. Ramlee

50250 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0320598840
Fax:0320321889


Remarks :
Effective 07 December 2021, the Exercise Price and Exercise Ratio will be adjusted based on the following formulae (and rounded to the nearest 4 dp):

(i)	Adjusted Exercise Price =  X  x  (P-D) / P
(ii)	Adjusted Exercise Ratio =  E  x  (P-D) / P

P 	= 	Closing price of the Share on the last Market Day on which the Shares are traded on a cum-entitlement basis
D 	= 	RM 0.10, being the Special Dividend per one (1) Share held
X 	= 	RM 8.38, being the existing Exercise Price immediately prior to the Special Dividend
E 	= 	10.00, being the existing Exercise Ratio immediately prior to the Special Dividend

No adjustments shall be made if the formulae stated above results in an adjustment which would amount to less than 2% of the Exercise Ratio and/or Exercise Price being changed.


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