Adjustment

[LCTITAN-CM] Adjustment on 08-Dec-2022

Announcement Date: 29-Nov-2022
Related Stock:
LCTITAN
LOTTE CHEMICAL TITAN HOLDING BERHAD
Share Registrar:
LCTITAN
LOTTE CHEMICAL TITAN HOLDING BERHAD
Amount

:

  • Ex Date
    08-Dec-2022
  • Entitlement Date
    09-Dec-2022
Description
ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER THE ORDINARY SHARES OF LOTTE CHEMICAL TITAN HOLDING BERHAD ("LCTITAN)" ("LCTITAN SHARE(S)") ("LCTITAN-CM") PURSUANT TO THE SPECIAL SINGLE TIER DIVIDEND OF 13.98 SEN PER SHARE

About LOTTE CHEMICAL TITAN HOLDING BERHAD
Lotte Chemical Titan Holding Berhad (LCT) is a Malaysia-based investment holding company, which manages LCT Group. The Group, comprising the Company and its subsidiary, is an integrated petrochemical producer with two principal product categories: Polyolefins, consisting of polyethylene (PE) and polypropylene (PP), and Olefins, including ethylene and propylene, together with other derivatives, such as butadiene, tertiary butyl alcohol (TBA), benzene and toluene. The Company's products are mainly distributed to plastic fabricators and trading houses in both domestic and export markets, such as China, South Korea, Indonesia and other Southeast Asian countries, as well as various European countries. Other business activities of the Group include investment holding and the manufacture of synthetic rubber. Lotte Chemical Titan Holding Berhad's subsidiaries include Lotte Chemical Titan (M) Sdn Bhd, Lotte Chemical Titan Trading Sdn Bhd and Lotte Chemical Titan Corporation Sdn Bhd.

How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.

On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
How to subscribe
Shareholders that fulfill the requirement above will need to fill in and submit the right subscription form to the share registrar:

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