New ICPS: TAGB-PA

Submitting Merchant Bank	:	AMINVESTMENT BANK BERHAD
Company Name	:	TA GLOBAL BERHAD
Stock Name	:	TAGB-PA
Date Announced	:	19/11/2009

Instrument Type	:	Preference Shares
Description	:	Irredeemable Cumulative Preference Shares

Listing Date	:	23/11/2009
Issue Date	:	05/10/2009
Issue/ Ask Price	:	MYR 0.5000
Issue Size Indicator	:	Unit
Issue Size in Unit	:	1,215,363,632

Maturity Date	:	03/10/2014
Revised Maturity Date	:
Exercise/ Conversion Period	:	2.00 Year(s)
Revised Exercise/ Conversion Period	:
Exercise/ Conversion Ratio	:	1:1
Mode of satisfaction of Exercise/ Conversion price	:	Tendering of securities
Settlement Type/ Convertible Into	:	Physical (Shares)
Exercise/ Strike/ Conversion Price	:	MYR 0.5000

Remarks :

Tenure : 5 years commencing from and inclusive of the date of issue. Conversion period/status : (a) The ICPS will not be convertible from the date of issue until the end of year 3 from the date of issue; (b) Commencing after the end of year 3 from the date of issue until the maturity date, the ICPS is convertible into ordinary shares of the Issuer at the Conversion Price; and (c) Mandatory conversion of all outstanding ICPS held by ICPS holders by the Issuer at Maturity Date No cash outlay is required by the holders of ICPS for the conversion of ICPS into ordinary shares. Redemption of Preference Share: i) Redeemable Preference Shares: A company may issue this type of shares on the condition that the company will repay the amount of share capital to the holders of this category of shares after the fixed period or even earlier at the discretion of the company. Section 80 of the Companies Act, 1956 deals with the redemption of preference shares. ii) Irredeemable Preference Shares: The preference shares, which do not carry the agreement of redemption are known as irredeemable preference shares. iii) Convertible Preference Shares: This type of shares enjoy the right to the holder to get them converted into equity shares according to the terms and conditions of the issue. iv) Non-convertible Preference Shares: The holders of these shares do not enjoy the right to get the shares converted into equity shares. Unless otherwise stated, Preference shares are non-convertible. v) Participating Preference Shares: The holder of this type of preference shares enjoy the right to participate in the surplus  profits, if any, after the equity shareholders have been paid dividend at a rate fixed in the AGM. So the shareholders get additional dividend with their normal dividend. vi) Non-participating Preference Shares: These shares carry only a fixed rate of dividend without any right to get additional dividend. Unless otherwise stated, The preference shares are non-participating. vii) Cumulative Preference Shares: The cumulative preference shares carry the right to a fixed amount of dividend. The holders of these shares are entitled to get dividend out of future profit if current year’s profit is insufficient for the same. So, the dividend on these shares accumulates till the final payment. viii) Non-cumulative Preference Share: In this case the dividend for the shareholders does not accumulate. If there is no sufficient profit, this type of preference shareholders will not get any dividend. In this case, the dividend will be lapsed and there will be no arrear dividend.