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
15-Apr-2020 00:25:57
Status
New
Announcement Sub Title
NOTICE TO CERTIFICATEHOLDERS
Announcement Reference
SG200415OTHRXCJ0
Submitted By (Co./ Ind. Name)
NG EU GIN
Designation
SVP, Khazanah Nasional Berhad
Effective Date and Time of the event
15/04/2020 12:30:00
Description (Please provide a detailed description of the event in the box below)
NOTICE TO BONDHOLDERS

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 Second Interim Dividend

On 28 February 2020, CIMBGH declared its single tier second interim dividend of RM0.12 per CIMBGH Share for the financial year ended 31 December 2019 (the Dividend ). The Dividend will be paid on 13 April 2020.

Adjustment to Exchange Property

Pursuant to Condition 6.3.5(ii) of the Conditions, the Capital Distribution by way of cash dividend payment by CIMBGH of RM0.12 per CIMBGH Share constitutes a Relevant Event and, accordingly, the total cash attributable to the Exchange Property as a result of such Relevant Event, being RM41,502,418.80, shall be included as part of the Exchange Property effective from 13 April 2020. Consequently, the Exchange Property has been adjusted to be 345,853,490 CIMBGH Shares and RM41,502,418.80 in cash, and the Exchange Ratio per USD1,000 in principal amount of the Bonds has been revised to 691.7070 CIMBGH Shares and RM83.00 in cash, effective from 13 April 2020.

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 announcement on Bursa Securities in respect of the Dividend dated 28 February 2020 and the Conditions set out in the Offering Circular dated 5 August 2019 relating to the Bonds.

Attachments

Cerah SGX Announcement.pdf
Total size =84K