General Announcement::NOTICE TO CERTIFICATEHOLDERS

Issuer & Securities

Issuer/ Manager
CAHAYA CAPITAL LTD.
Securities
CAHAYACAP US$500M ETC 210918 - XS1107647155 - 15XB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
08-Jun-2017 15:14:15
Status
New
Announcement Sub Title
NOTICE TO CERTIFICATEHOLDERS
Announcement Reference
SG170608OTHR06Y0
Submitted By (Co./ Ind. Name)
Hafizuddin Sulaiman
Designation
Director, Khazanah Nasional Berhad
Description (Please provide a detailed description of the event in the box below)
NOTICE TO CERTIFICATEHOLDERS
Kuala Lumpur, 5 June 2017

Adjustments made to Exchange Property in respect of the Exchangeable Trust Certificates due 2021 exchangeable into ordinary shares of RM1.00 each of Tenaga Nasional Berhad ( TNB ) ("TNB Shares") issued by Cahaya Capital Ltd. ("Cahaya") (the Certificates )

Khazanah Nasional Berhad ("Khazanah"), on behalf of Cahaya, gives notice to Certificateholders (pursuant to Condition 7(h) of the Conditions of the Certificates (the "Conditions")) of adjustments to be made to the Exchange Property pursuant to the payment of a Capital Distribution in the form of cash dividend by TNB, as further described below.

Interim Single-tier Dividend

On 3 May 2017, TNB declared its interim single-tier dividend of RM0.17 per TNB Share (the "Dividend") for its financial year ended 31 August 2017. The Dividend was paid on 31 May 2017.

Adjustment to Exchange Property

Pursuant to Condition 7(g)(2) of the Conditions of the Certificates, the Capital Distribution by way of a cash dividend payment by TNB of RM0.17 per TNB Share constitutes a Relevant Event and, accordingly, the cash attributable to the Exchange Property as a result of such Relevant Event, being RM18,993,864.04, shall be included as part of the Exchange Property. Consequently, the Exchange Property has been adjusted to 111,728,612 TNB Shares and RM108,376,753.64 in cash effective from 31 May 2017. The Exchange Ratio has been changed to 223.4572 TNB Shares and RM216.76 per US$1,000 in nominal value of the Certificates.

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

This notice should be read in conjunction with TNB's announcement to Bursa Malaysia in respect of the interim single-tier dividend dated 3 May 2017 and the Conditions set out in the Offering Circular dated 15 September 2014 relating to the Certificates.

Khazanah Nasional Berhad
5 June 2017

Attachments

e-Cahaya_Notice_AdjustmentExchangeProp May 2017.pdf
Total size =89K