INARI-CE_Right Issue Announcement 13012015

MAYBANK INVESTMENT BANK BERHAD (“MAYBANK IB”)
ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE NONCOLLATERALISED CASH SETTLED CALL WARRANTS OVER THE ORDINARY SHARES OF INARI
AMERTRON BERHAD (“INARI”) (“INARI SHARE(S)”) (“INARI-CE”)
We refer to INARI’s announcement dated 4 July 2014 in relation to the renounceable rights issue of up to
88,825,648 new ordinary shares of RM0.10 each in INARI (“Rights Shares”) together with up to
88,825,648 free detachable warrants at an issue price of RM1.50 per Rights Share on the basis of one (1)
Rights Share for every eight (8) existing ordinary shares of RM0.10 each held in INARI (“INARI
Share(s)”) together with one (1) warrant for every one (1) Right Share subscribed on the entitlement date
(“Entitlement Date”)(“Rights Issue”).
In addition, reference is also made to the Base Prospectus dated 2 October 2014, the First
Supplementary Base Prospectus dated 12 November 2014 and the Second Supplementary Base
Prospectus as well as the Term Sheet of INARI-CE dated 13 January 2015.
Subject to all the necessary approvals being obtained for the Proposed Rights Issue and in accordance
with Second Schedule of the Deed Poll dated 26 September 2014, the Exercise Price and Entitlement of
INARI-CE will be adjusted based on the following formula:
Adjustment in relation to the Rights Issue
Exercise Price
Adjusted Exercise Price
=
1
AF
=
1
Warrant Component
x
K
Entitlement
Adjusted Entitlement
Where,
Warrant Component (“WC”)
=
AF x 1/E
=
1+M
1 + (R / S) x M
and
Adjustment Factor (“AF”)
Where,
E:
5, being the existing Entitlement of 5 INARI-CE : 1 INARI Share immediately prior to the
Proposed Rights Issue.
S:
Cum-rights share price determined by the closing price on the securities exchange on the last
market day on which KNM is traded on cum-rights basis.
R:
RM1.50, being the issue price per Rights Share under the Proposed Rights Issue.
M:
One (1) Rights Share for every eight (8) existing INARI Share each holder thereof is entitled to
subscribe.
K:
RM2.55, being the existing Exercise Price of INARI-CE immediately prior to the Proposed Rights
Issue
We will make the announcement on the actual adjustments to INARI-CE on 19 January 2015, being the
last trading day before INARI Shares will be trading on an ex-rights basis. The adjustments will take effect
at 9.00 a.m. on 20 January 2015, being the EX-date of the Rights Issue.
This announcement is dated 13 January 2015.