0.15*6 + 5.00 = 5.90
Maxis mother now: 5.30
But market gila one. Maybe can up but not my cup of tea loh.
General Announcement
Reference No OI-091125-35280
Submitting Merchant Bank : OSK INVESTMENT BANK BERHAD
Name : MAXIS-CA: CW MAXIS BERHAD (OSK)
Stock Name : MAXIS-CA
Date Announced : 25/11/2009
Type : Announcement
Subject : OSK INVESTMENT BANK BERHAD (“OSK”)
OFFERING OF UP TO 90,000,000 NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS OVER ORDINARY SHARES OF MAXIS BERHAD (“MAXIS”) (“OFFERING”)
Contents : OFFERING OF UP TO 90,000,000 NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS OVER ORDINARY SHARES OF MAXIS BERHAD (“MAXIS”) (“OFFERING”)
Attachments : Announcement _MAXIS-CA_ Table.pdf
Announcement Details :
1. INTRODUCTION
We are pleased to announce the offering by OSK of up to 90,000,000 non-collateralised cash settled European-style call warrants over ordinary shares of MAXIS (“MAXIS-CA”) by way of market making.
The MAXIS-CA is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad (“Bursa Securities”).
2. SALIENT TERMS OF THE MAXIS-CA
The MAXIS-CA is constituted by the Deed Poll dated 3 December 2008. The Offering is subject to the terms and conditions of the Base Prospectus dated 30 December 2008, First Supplementary Base Prospectus dated 29 April 2009, Second Supplementary Base Prospectus dated 1 July 2009, Third Supplementary Base Prospectus dated 18 August 2009, Fourth Supplementary Base Prospectus dated 30 September 2009 and the Term Sheet for the MAXIS-CA dated 25 November 2009.
The salient terms of the MAXIS-CA are set out in the attachment below.
3. RATIONALE FOR THE OFFERING
The rationale for the Offering is as follows:
(a) the Offering is in line with our objective to actively participate and contribute to the development of structured warrants (“SW”) and other financial products in the Malaysian capital market;
(b) the Offering of such investment products will expand the investment choices and trading opportunities available to investors, and allow them to execute investment strategies that are not possible with conventional equities;
(c) the inclusion of SW in an investor’s portfolio can provide diversification benefits and further enhance the potential returns of the portfolio; and
(d) the SW represent innovative investment products that provide investment alternatives to investors. This is consistent with the Capital Market Masterplan released by the Securities Commission in year 2001, with the objective of improving the role of the capital market in meeting investors’ preference and diverse needs by developing a range of competitive products that would expand the investment choices and opportunities available to investors.
4. INDICATIVE TIMETABLE
The indicative timing of events leading up to the listing of and quotation for the MAXIS-CA on the Structured Warrants Board of Bursa Securities is set out in the table below.
Events Dates
Price fixing date 19 November 2009
Launch of the Offering (“Launch Date”) 25 November 2009
Allotment of the SW (“Issue Date”) 25 November 2009
Listing of the SW on the Structured Warrants Board of Bursa Securities (“Listing Date”) 26 November 2009
This announcement is dated 25 November 2009.
