GTRONIC-C9 - Notice of Book Closure

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF GLOBETRONICS TECHNOLOGY BHD. ("GTRONIC") ("GTRONIC-C9") PURSUANT TO A SINGLE TIER SPECIAL DIVIDEND OF 1.5 SEN PER ORDINARY SHARE FOR THE YEAR ENDING 31 DECEMBER 2020 ("SPECIAL DIVIDEND").
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 17 Nov 2020
2)  The last date of lodgment : 18 Nov 2020
 

Remarks :

In accordance with Condition 2 - Adjustment of Exercise Price, Underlying Index, Exercise Level and/or Exercise Ratio of the Part 1 of the Deed Poll dated 21 October 2020, the Exercise Ratio and Exercise Price of GTRONIC-C9 will be adjusted in accordance with the following formula:

Adjustment pursuant to Special Dividend:

1. Adjusted Exercise Ratio    = E  x  [(P - D)  /  P]

2. Adjusted Exercise Price    = X  x  [(P - D)  /  P]

Whereby in respect of this Condition 2.1.1(d)(i) and (ii):

P:  Closing price of GTRONIC on the last market day on which GTRONIC is traded on a cum-entitlement basis

D: RM0.0150, being the Special Dividend per GTRONIC share

X: RM3.3500, being the existing Exercise Price immediately prior to the Special Dividend

E: 5.2000, being the existing Exercise Ratio immediately prior to the Special Dividend

No adjustments shall be made to the Exercise Ratio and/or Exercise Price of GTRONIC-C9 if such adjustments would amount to less than two percent (2%) of the Exercise Ratio and/or Exercise Price being changed.

For avoidance of doubt, reference should be made to the Base Prospectus and the terms and conditions therein shall prevail.