General Announcement::NOTICE TO CERTIFICATEHOLDERS

Issuer & Securities

Issuer/ Manager
CERAH CAPITAL LTD.
Securities
CERAH CAPITAL US$500MEB240808 - XS2027352405 - WHRB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
19-Nov-2019 18:03:55
Status
New
Announcement Sub Title
NOTICE TO CERTIFICATEHOLDERS
Announcement Reference
SG191119OTHRIVE8
Submitted By (Co./ Ind. Name)
NG EU GIN
Designation
SVP, KHAZANAH NASIONAL BERHAD
Effective Date and Time of the event
19/11/2019 18:00:00
Description (Please provide a detailed description of the event in the box below)
Adjustments made to Exchange Property in respect of the Zero Coupon Guaranteed Exchangeable Bonds due 2024 exchangeable into ordinary shares of CIMB Group Holdings Berhad ( CIMBGH ) ( CIMBGH Shares ) issued by Cerah Capital Ltd. ( Cerah ) (the Bonds )

Khazanah Nasional Berhad ( Khazanah ), acting in its capacity as Guarantor, on behalf of Cerah, gives notice to the Bondholders (pursuant to Condition 6.5 of the Conditions of the Bonds (the Conditions )) of adjustments to be made to the Exchange Property pursuant to the payment of a Capital Distribution in the form of a dividend by CIMBGH, as further described below.

Single Tier First Interim Dividend

On 29 August 2019, CIMBGH declared its single tier first interim dividend of RM0.14 per CIMBGH Share for the financial year ending 31 December 2019 (the Dividend ). The Dividend was paid on 6 November 2019.

Dividend Reinvestment Scheme

On 11 October 2019, CIMBGH announced on Bursa Malaysia Securities Berhad ( Bursa Securities ) that its dividend reinvestment scheme ( DRS ), which provides the shareholders of CIMBGH the option to elect to reinvest their cash dividend in new CIMBGH Shares, shall apply to the entire Dividend. Accordingly, Khazanah has elected to reinvest the cash dividends payable on the CIMBGH Shares making up the Exchange Property, in new CIMBGH Shares.

Adjustment to Exchange Property

Pursuant to Condition 6.3.5(ii) of the Conditions, the Capital Distribution by way of issuance of new CIMGH Shares arising from the DRS constitutes a Relevant Event. In this regard, 10,150,836 of new CIMBGH Shares have been issued pursuant to the DRS and shall be included as part of the Exchange Property effective from 6 November 2019. Accordingly, the Exchange Ratio per USD1,000 in principal amount of the Bonds has been revised to 691.7070 CIMBGH Shares.

All capitalized terms not otherwise defined herein have the same meanings given to them in the Conditions.

This notice should be read in conjunction with CIMBGH s announcements on Bursa Securities in respect of the Dividend and the DRS dated 29 August 2019 and 11 October 2019, respectively as well as the Conditions set out in the Offering Circular dated 5 August 2019 relating to the Bonds.

Attachments

CIMB DRS announcement.pdf
Total size =84K