Kuala Lumpur, 18 February 2013 – Maybank Investment Bank Berhad (Maybank IB) is issuing eight new European style cash-settled structured warrants over ordinary shares of Hap Seng Consolidated Berhad (HAPSENG), Hap Seng Plantations Holdings Berhad (HSPLANT), IJM Plantations Berhad (IJMPLNT), Kulim (Malaysia) Berhad (KULIM), PPB Group Berhad (PPB), Sime Darby Berhad (SIME), TH Plantations Berhad (THPLANT) and Top Glove Corporation Berhad (TOPGLOV). The warrants will be listed on 19 February 2013 with an issue size of 100 million each.
KULIM, SIME and TOPGLOV warrants have a ratio of 6 for each underlying share and a gearing of 4.00 times, 10.33 times and 5.81 times respectively. HSPLANT and THPLANT warrants have an exercise ratio of 3 for every 1 underlying share and a gearing of 6.09 times and 4.51 times each. HAPSENG warrants have an exercise ratio of 2 for every 1 share and a gearing of 5.43 times. PPB warrants have an exercise ratio of 12 for every 1 share and a gearing of 6.92 times. IJMPLNT warrants have an exercise ratio of 4 for every 1 share and a gearing of 4.93 times. All of these call warrants have 9 months to expiry.
The terms and conditions of the above call warrants are stated in their respective term sheets and should be read in conjunction with the Base Prospectus dated 19 September 2012.