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NOTICE OF EXPIRY AND FINAL EXERCISE OF WARRANTS 1995/2005

AFFIN HOLDINGS BERHAD

Type

Announcement
SubjectNOTICE OF EXPIRY AND FINAL EXERCISE OF WARRANTS 1995/2005

Contents :

NOTICE IS HEREBY GIVEN THAT, pursuant to the conditions stipulated in the Deed Poll, the subscription rights of the Warrants 1995/2005 will expire at 5.00 p.m. on Friday, 13 May 2005 (“Expiry Date”). The number of Warrants 1995/2005 as at 31 March 2005, being the latest practicable date prior to the printing of this Notice, is 114,121,376.


Therefore, the Warrant Holders intending to exercise Warrants 1995/2005 are advised to submit the documents referred to in Section 4.1 below to the share registrar of Affin Holdings Berhad (“AHB”) before the Expiry Date.

WARRANTS 1995/2005 NOT EXERCISED ON THE EXPIRY DATE WILL LAPSE AND BECOME NULL AND VOID AND CEASE TO BE EXERCISABLE AND WILL ACCORDINGLY, BE REMOVED FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) WITH EFFECT FROM 9.00 A.M. ON MONDAY, 16 MAY 2005.

Warrant Holders are therefore advised to carefully read the procedures set out below:-

1. SUSPENSION OF TRADING AND LAST DAY FOR TRADING

To facilitate the exercise of the subscription rights of the Warrants 1995/2005, trading of Warrants 1995/2005 on Bursa Securities will be suspended with effect from 9.00 a.m. on 27 April 2005 until the Expiry Date. Hence, the last trading day of the Warrants 1995/2005 will be up to 5.00 p.m. on 26 April 2005.

2. EXERCISE PRICE

The Exercise Price of the Warrants 1995/2005 is RM3.38 for each new ordinary share of RM1.00 each in AHB. Accordingly, if you subscribe for 100 new AHB Shares, the Exercise Price shall be RM338.00.

3. PAYMENT OF EXERCISE PRICE

The Exercise Price is to be made payable in Ringgit Malaysia by banker’s draft or cashier’s order drawn on a bank operating in Malaysia or money order or postal order made out in favour of “AHB WARRANTS ACCOUNT” crossed “A/C Payee Only” and endorsed on the reverse side with the name, address, NRIC/passport number/company registration number and CDS account number of the Warrant Holders.

4. EXERCISE OF SUBSCRIPTION RIGHTS

4.1 Existing Warrants 1995/2005 deposited in the CDS accounts

      If you are a holder of the Warrants 1995/2005 and wish to exercise your subscription rights, you should:
      4.1.1 complete and execute the subscription form which can be obtained from the Company’s share registrar, Boustead Management Services Sdn Bhd, 13th Floor, Menara Boustead, 69, Jalan Raja Chulan, 50200 Kuala Lumpur;
        4.1.2 deliver to the Company’s share registrar, the following documents before the Expiry Date:-

          (i) the duly completed subscription form;
          (ii) remittance for the full Exercise Price stated in Section 2 and Section 3 above; and
          (iii) remittance of a processing fee of RM10.00 for each subscription form submitted, payable by a banker’s draft or cashier’s order drawn on a bank operating in Malaysia or by money order or postal order made out in favour of “Boustead Management Services Sdn Bhd”.
      4.2 New AHB Shares to be issued pursuant to exercise of Warrants 1995/2005

      The Company shall within ten (10) Market Days (or such other period as may be prescribed by Bursa Securities) from the date of receipt of a duly completed subscription form together with the requisite payment:

    4.2.1 allot and issue the new AHB Shares;

    4.2.2 despatch the notices of allotment to Warrants Holders; and

    4.2.3 make an application to Bursa Securities for the quotation and listing of the new AHB Shares;

    pursuant to the exercise of the Warrants 1995/2005.
        Such new AHB Shares shall be credited into the CDS account specified by the Warrant Holders after the allotment of the new AHB Shares and no physical share certificates shall be issued.

    4.3 Existing Warrants 1995/2005 not deposited in the CDS accounts
      If you were one of the Warrant Holders who had not deposited your Warrants 1995/2005 with Bursa Securities by 12.30 p.m. on 1 December 1998, your Warrants 1995/2005 would have been transferred to MOF without reference to you. This is pursuant to Section 29 of the Securities Industry (Central Depositories) (Amendment No. 2) Act, 1998, where all persons who hold securities that are listed on Bursa Securities are required to deposit their securities with Bursa Depository by 1 December 1998.

      In such instances, you may write to the Jabatan Akauntan Negara at the following address for enquiries:-

      Jabatan Akauntan Negara Malaysia
      Seksyen Pengurusan Sekuriti
      Tingkat 42 Menara Maybank
      No. 100 Jalan Tun Perak
      50050 Kuala Lumpur
      Tel : 03-2034 1852
      Fax : 03-2026 7430

    5. BOOK CLOSURE DATE IN RELATION TO WARRANTS 1995/2005
      5.1 Bursa Depository will not be accepting any request for the ordinary transfer of Warrants 1995/2005 for the period commencing from 4.00 p.m. on 6 May 2005 up to the Expiry Date.

      5.2 A depositor shall qualify for entitlement to subscribe for new AHB Shares in respect of the following:-
        5.2.1 Warrants 1995/2005 transferred into the depositor’s securities account before 4.00 p.m. on 6 May 2005 in respect of ordinary transfers; or

        5.2.2 Warrants 1995/2005 bought on Bursa Securities on or before 26 April 2005, being the last day of trading of the Warrants 1995/2005.

    6. EXPIRY OF WARRANTS 1995/2005

    All unexercised Warrants 1995/2005 remaining in a depositor’s securities account as at the Expiry Date will be debited from the respective depositor’s securities account on 16 May 2005.

    7. DIRECTORS’ RESPONSIBILITY STATEMENT

    This Notice has been seen and approved by the Directors of AHB and they collectively and individually accept full responsibility for the accuracy of the information given in this Notice and confirm that after making all reasonable enquiries and, to the best of their knowledge and belief, there are no other facts, the omission of which would make any statement herein misleading.

    8. CONTACT DETAILS FOR ENQUIRIES

    All enquiries concerning the above should be addressed to the Company’s share registrar at:

    Boustead Management Services Sdn Bhd,
    13th Floor, Menara Boustead,
    69, Jalan Raja Chulan,
    50200 Kuala Lumpur
    Tel: 03-2141 9044
    Fax: 03-2144 3016


    By Order of the Board
    AFFIN HOLDINGS BERHAD

    Sharifah Malek
    (LS 00448)
    Company Secretary

    Kuala Lumpur
    7 April 2005


    Announcement Info

    Company NameAFFIN HOLDINGS BERHAD  
    Stock Name AFFIN    
    Date Announced6 Apr 2005  
    CategoryGeneral Announcement
    Reference NoAH-050405-51601

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