General Announcement::NOTICE TO CERTIFICATEHOLDERS

Issuer & Securities

Issuer/ Manager
CINDAI CAPITAL LTD
Securities
CINDAI US$320.8M ETC230208 - XS1758433707 - 8HGB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
25-Aug-2021 18:25:01
Status
New
Announcement Sub Title
NOTICE TO CERTIFICATEHOLDERS
Announcement Reference
SG210825OTHR0VFC
Submitted By (Co./ Ind. Name)
Ng Eu Gin
Designation
SVP, Khazanah Nasional Berhad
Effective Date and Time of the event
25/08/2021 17:00:00
Description (Please provide a detailed description of the event in the box below)
Adjustments made to Exchange Property in respect of the Cash-Settled Exchangeable Trust Certificates due 2023 referencing H-shares of par value of RMB1.00 each of CITIC Securities Co. Ltd. ( CITIC ) ("CITIC Shares") issued by Cindai Capital Ltd ("Cindai") (the Certificates )

Khazanah Nasional Berhad ("Khazanah"), acting in its capacity as Wakeel, on behalf of Cindai 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 a cash dividend by CITIC, as further described below.

Final Cash Dividend

On 18 March 2021, CITIC declared its final dividend of HKD0.4802 per CITIC Share for the year ended 31 December 2020 (the "Dividend"). The Dividend was paid on 20 August 2021.

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 CITIC of HKD0.4802 per CITIC Share constitutes a Relevant Event and, accordingly, the cash attributable to the Exchange Property, being HKD44,933,181.66, shall be included as part of the Exchange Property. Consequently, the Exchange Property has been adjusted to 93,579,192 CITIC Shares and HKD178,825,695.61 in cash effective from 20 August 2021. The pro rata share of the Exchange Property attributable to each U.S.$1,000 Nominal Value of Certificates for the calculation of the Cash Settlement Amount has been revised to 294.5594 CITIC Shares and HKD562.89 in cash.

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 CITIC s announcement to the Hong Kong Stock Exchange in respect of the Dividend dated 18 March 2021, Announcement of Poll Results of the 2020 AGM and Payment of the 2020 Final Dividend and Appointments of Non-Executive Director and Supervisor dated 30 June 2021 and the Conditions set out in the Offering Circular dated 5 February 2018 relating to the Certificates.

Attachments

2021-08-03 Citic Announcement_Exchange Property Adjustment.pdf
Total size =113K