Instrument Category: Securities of PLC Instrument Type: Preference Shares Issue/Ask Price:: MYR 1.00 Issue size in unit:
Question:
Instrument Category: Securities of PLC
Instrument Type: Preference Shares
Issue/Ask Price:: MYR 1.00
Issue size in unit: 1,127,625,002
Maturity: Not-mandatory
Maturity date: not applicable
Exercise/Conversion Period: 15 years
Exercise/Strike/Conversion Price: MYR 3.50
Revised Exercise/Strike/Conversion Price: MYR 3.38
Exercise/Conversion ratio: 7:2
Revised Exercise/Conversion ratio:169:50 (50 new shares for every 169 RCPS-i A)
The RCPS-i A shall carry the right to receive preferential dividends, out of the distributable profits of the Company earned from the first day of the calendar month following the Issue Date ("Profits"), when declared and approved by the Board of Directors of S P Setia, at the expected preferential dividend rate of 6.49% per annum.
From the period commencing on and including the 15th anniversary of the Issue Date until the Redemption Date (as defined below), an additional stepped-up preferential dividend rate of 1.0% per annum above the expected rate mentioned above, shall be payable on the RCPS-i A on an annual basis, provided that the aggregate of the expected preferential dividend rate (including the stepped-up preferential dividends, if applicable) shall not exceed a total rate of 20%.
Question:
a. Straight value of preference shares
b. Conversion value of RCPS-i A