Announcements

5.30

In announcing the books closing date (“BCD”) for the adjustment to the terms of the SW (“Adjustment”) pursuant to paragraph 5.43(3) of the Main LR, must an issuer fix the BCD for the Adjustment on the same date as the BCD for the corporate proposal of the underlying corporation or underlying financial instrument?

Yes, where the underlying corporation or underlying financial instrument is listed on Bursa Securities, an issuer must ensure that the BCD for the Adjustment is the same as the BCD for the corporate proposal of the underlying corporation or underlying financial instrument.

 

However, if the underlying corporation or underlying financial instrument is listed on a securities exchange outside Malaysia, the settlement period of the foreign underlying corporation or underlying financial instrument may be different from Bursa Securities. In this instance, an issuer need not ensure that the BCD of the Adjustment is the same as the BCD for the corporate proposal of the foreign underlying corporation or underlying financial instrument. However, the issuer must ensure that the ex-entitlement date of the Adjustment is the same as the ex-entitlement date for the corporate proposal of the foreign underlying corporation or underlying financial instrument.