Details of the KFC Warrants

These are free warrants issued to shareholders in conjunction with the recent share-split and bonus issue exercise. So if you have  100 shares ex the corporate exercise, you are entitled to 4 free warrants.

 
Let us now look into the details

Listing Date:    20/09/2010

Issue Date:    15/09/2010

Issue/ Ask Price: MYR 0.0000

Issue Size:   31,723,949

Maturity Date  : 14/09/2015
  
Exercise/ Conversion Period:    5 years
   
Exercise/Strike/Conversion Price: MYR 3.00

Exercise/ Conversion Ratio:

1 Warrant: 1 Ordinary Share of RM0.50 each

Mode of satisfaction of Exercise/ Conversion price   
:
    Cash

Settlement Type/ Convertible into   
:
    Physical (Shares)

Remarks :

The Warrants are issued to the entitled shareholders of KFC Holdings (Malaysia) Bhd (“KFCH”) on the basis of one (1) Warrant for every twenty-five (25) ordinary shares of RM0.50 each in KFCH (“KFCH Shares”) held after the subdivision of every existing one (1) ordinary share of RM1.00 each in KFCH into two (2) KFCH Shares in KFCH and bonus issue of 396,549,364 KFCH

Shares.

Each Warrant carries the entitlement to subscribe for one (1) new KFCH Share at the exercise price (as indicated above) and at any time during the exercise period (as indicated above)

(“Exercise Period”), subject to the adjustments in accordance with the provisions of the deed poll dated 8 September 2010, constituting the Warrants.

Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.

The  announcement was made to the Bursa on17 September 2010.