GTRONIC-C7 - Notice of Book Closure
GTRONIC-C7: CW GLOBETRONICS TECHNOLOGY BERHAD (RHB) |
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-C7") 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-C7 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: RM2.3500, being the existing Exercise Price immediately prior to the Special Dividend
E: 4.0000, 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-C7 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.
Announcement Info
Company Name | GTRONIC-C7: CW GLOBETRONICS TECHNOLOGY BERHAD (RHB) |
Stock Name | GTRONIC-C7 |
Date Announced | 06 Nov 2020 |
Category | Listing Circular |
Reference Number | ILC-05112020-00005 |