Callable Bull/Bear Certificate ("CBBC")


On 1 June 2010, Issuer B issues 100 million of callable bull certificates based on PLC X's shares listed on Bursa Securities. The certificates have the following call and exercise price:

Call Price          : RM1.00
Exercise Price   : RM1.00
Will the callable bull certificate holders receive any cash amount if a MCE occurs?

No. As stipulated in paragraph 5.25A(1)(a) of the Main LR, where the call price of a CBBC is equal to its exercise price, the certificate holder will not receive any cash amount if a MCE occurs.