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
01-Nov-2021 19:17:50
Status
New
Announcement Sub Title
NOTICE TO CERTIFICATEHOLDERS
Announcement Reference
SG211101OTHRHTNU
Submitted By (Co./ Ind. Name)
Ng Eu Gin
Designation
SVP, Khazanah Nasional Berhad
Effective Date and Time of the event
01/11/2021 19:00:00
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 Interim Dividend
On 30 August 2021, CIMBGH declared its single tier interim dividend of RM0.1044 per CIMBGH Share for the financial year ending 31 December 2021 (the Dividend). The Dividend was paid on 27 October 2021.

Dividend Reinvestment Scheme
On 30 August 2021, 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 had, on 14 October 2021, submitted the dividend reinvestment form wherein Khazanah had 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, 8,517,280 of new CIMBGH Shares were issued on 27 October 2021 pursuant to the DRS and shall be included as part of the Exchange Property effective from 27 October 2021. Accordingly, the Exchange Ratio per USD1,000 in principal amount of the Bonds has been revised to 717.0179 CIMBGH Shares and RM83.00 in cash, effective from 27 October 2021.

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 30 August 2021 as well as the Conditions set out in the Offering Circular dated 5 August 2019 relating to the Bonds.

Attachments

20211027_Cerah_Announcement_1st int div FYE2021.pdf
Total size =93K