Macquarie Securities (Thailand) Limited
A Member of the Macquarie Group | ||
28th Floor, CRC Tower, All Seasons Place | Telephone | +66 2 694 7999 |
87/2 Wireless Road | Facsimile | +66 2 694 7878 |
Lumpini, Patumwan | Internet | www.macquarie.com |
Bangkok 10330 | ||
THAILAND |
Ref: | MACQ-OPS/007-2022 |
Date: | 10 June 2022 |
Subject : | Adjustment Procedure for BYDCOM28C2210A |
Attention: | President the Stock Exchange of Thailand |
As BYD Company Limited (1211.HK) ("BYD CO LTD") informed The Stock Exchange of Hong Kong Limited on the plan to pay final cash dividend at the rate of CNY 0.105 per share and set the ex-dividend date (XD) on 13 June 2022. Holders of BYD CO LTD's H shares will be paid in Hong Kong dollars. Till the present, the CNYHKD exchange rate has not been announced yet as detailed in this announcement
https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0329/2022032902884.pdf
Macquarie Securities (Thailand) Limited ("Issuer") as the Issuer of DW on BYD CO LTD H shares will be required to calculate adjustment on 10 June 2022 in order to be effective on 13 June 2022. Due to the aforementioned, the Issuer would like to inform you of XD adjustment for BYDCOM28C2210A as follows:
As BYD CO LTD has not provided the CNYHKD exchange rate, the Issuer shall apply adjustment by using CNYHKD exchange rate provided by Bloomberg on 10 June 2022 at or around
15.00 hrs (local Thai time). This is based on Part 3.1 of the Terms and Conditions clause 1.4 (G), being an event which causes the DW Holders to lose the rights and benefits that they are entitled to, and such event is not included under Clause 1.4 (A) to (E) of Part 3.1 of the Terms and Conditions.
The calculation shall be as follows:
Payment of Cash Dividend in other currency apart from the currency of the underlying securities.
Exercise price is as follows:
Macquarie Securities (Thailand) Limited is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia), and Macquarie Securities (Thailand) Limited's obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of
the obligations of Macquarie Securities (Thailand) Limited.
Macquarie Securities (Thailand) Limited
A Member of the Macquarie Group | ||
28th Floor, CRC Tower, All Seasons Place | Telephone | +66 2 694 7999 |
87/2 Wireless Road | Facsimile | +66 2 694 7878 |
Lumpini, Patumwan | Internet | www.macquarie.com |
Bangkok 10330 | ||
THAILAND |
Exercise ratio per unit is as follows.
Where
PRICE 1 = | exercise price after adjustment of exercise |
PRICE 0 = | exercise price prior to adjustment of exercise |
RATIO 1 = | exercise ratio per unit after adjustment of exercise |
RATIO 0 = | exercise ratio per unit prior to adjustment of exercise |
S = | closing price of underlying securities on the last Business Day of the |
Exchange of Underlying Securities prior to the ex-entitlement date. | |
D = | CNY 0.105, being the dividend per one (1) share held; to be converted to |
HKD using the exchange rate to be provided by BYD CO LTD, or if | |
unavailable, then the prevailing CNYHKD exchange rate provided by | |
Bloomberg on 10 June 2022 at 15.00 hrs (BKK time) |
The adjustment shall be effective on 13 June 2022.
Please be informed accordingly.
Yours Sincerely,
__________________________
(Mr. Noppadon Duangthipnest)
Director
Macquarie Securities (Thailand) Limited is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia), and Macquarie Securities (Thailand) Limited's obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of
the obligations of Macquarie Securities (Thailand) Limited.
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BYD Company Limited published this content on 10 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2022 11:41:06 UTC.