Listing Information & Profile for Structured Warrants

Amended Announcements
Please refer to the earlier announcement reference number: LIP-14042017-00005

GDEX-CD: CW GD EXPRESS CARRIER BERHAD (RHB)

Instrument Category Structured Warrants
Instrument Type CALL WARRANTS
Description
NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS
Underlying Stock GD EXPRESS CARRIER BERHAD
Issuer RHB INVESTMENT BANK BERHAD
Stock Code 0078CD
Stock Short Name GDEX-CD
ISIN Code MYQ0078CDRA4
Board Structured Warrants
Sector TRADING/SERVICES

Initial Listing Information

Listing Date 18 Apr 2017
Term Sheet Date 17 Apr 2017
Issue Date 17 Apr 2017
Issue/ Ask Price Malaysian Ringgit (MYR)   0.1500
Issue Size Indicator Unit
Issue Size in Unit 35,000,000
Maturity Date 31 Oct 2017
Name of Guarantor Not Applicable
Name of Trustee Not Applicable
Coupon/Profit/Interest/Payment Rate Not Applicable
Coupon/Profit/Interest/Payment Frequency Not Applicable
Redemption Not Applicable
Exercise/Conversion Period 6.50   Month(s)
Revised Exercise/Conversion Period Not Applicable
Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   2.4000
Revised Exercise/Strike/Conversion Price Malaysian Ringgit (MYR)   0.6000
Exercise/Conversion Ratio 3:1
Revised Exercise/Conversion Ratio 0.75:1
Settlement Type/ Convertible into Cash
Name and contact details of market maker (If applicable) RHB Investment Bank Berhad, Equity Derivatives & Structured Products, Level 3A, Tower 1, RHB Centre, Jalan Tun Razak 50400 Kuala Lumpur Malaysia. Telephone No: (603) 9200 2185
Circumstances under which the market maker may not be able to provide quotes (If applicable) Please refer to Section 5.4 of the Base Prospectus dated 9 September 2016 and Section 3.1 of the Term Sheet dated 17 April 2017.



Remarks :
In accordance with Condition B3.1 Adjustment Of Entitlement And Exercise Price to the Second Schedule of the Deed Poll dated 30 August 2016, the Entitlement and Exercise Price of GDEX-CD will be adjusted for the Bonus Issue in accordance with the following formula:

Adjustment pursuant to Bonus Issue

1. Adjusted Entitlement = (1 + N) x E
     = (1 + 3) x 1/3
     = 1.3333 (equivalent to Exercise Ratio of 0.75 GDEX-CD per GDEX Share)

2. Adjusted Exercise Price = (1 / (1 + N)) x K
     = (1 / (1+3)) x RM2.4000
     = RM0.6000

Where

E: 1/3, being the existing Entitlement immediately prior to the Bonus Issue (equivalent to Exercise Ratio of 3 GDEX-CD per GDEX Share)
N: 3, 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: RM2.40, being the existing Exercise Price of GDEX-CD immediately prior to the Bonus Issue

Based on the formula above, the exercise price of GDEX-CD will be adjusted from RM2.4000 to RM0.6000 and exercise ratio will be adjusted from 3 GDEX-CD : 1 GDEX Share to 0.75 GDEX-CD : 1 GDEX Share.

This announcement is dated 6 June 2016.


Announcement Info

Company Name GDEX-CD: CW GD EXPRESS CARRIER BERHAD (RHB)
Stock Name GDEX-CD
Date Announced 06 Jun 2017
Category Listing Information and Profile
Reference Number LIP-06062017-00003