Adjustment
| AAX-C29: CW AIRASIA X BERHAD (AFFIN) |
| Entitlement subject | Adjustment |
| Entitlement description | ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF AIRASIA X BERHAD ("AAX") ("AAX-C29") PURSUANT TO A ISSUANCE OF UP TO 223,536,401 FREE WARRANTS IN AAX ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 ORDINARY SHARES IN AAX ("SHARES") HELD BY THE ENTITLED SHAREHOLDERS OF AAX AT 5.00 P.M. ON 18 DECEMBER 2025 ("ENTITLED SHAREHOLDERS") ("BONUS ISSUE") |
| EX-date | 17 Dec 2025 |
| Entitlement date | 18 Dec 2025 |
| Entitlement time | |
| Financial Year End | |
| Period of interest payment | to |
| Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement |
| Payment date | |
| a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 18 Dec 2025 |
| b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | |
| c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | |
| Number of new
shares/securities issued (units) (If applicable) |
|
| Entitlement indicator | Ratio |
| Ratio | 0.0000 : 0.0000 |
| Rights Issue/Offer Price | |
| Par Value (if applicable) | |
| Registrar or Service Provider name, address, telephone no |
TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur Wilayah Persekutuan Malaysia Tel:0327839299 Fax:0327839222 |
| Remarks : |
In accordance with Part 1 of the Deed Poll dated 22 October 2024, the Terms of AAX-C29 will be adjusted as follows: a. Adjusted Exercise Ratio = [ (1 + (R/S) x M) / (1 + M) ] x E b. Adjusted Exercise Price = [ (1 + (R/S) x M) / (1 + M) ] x X whereby: R = RM1.6400, being the exercise price per Warrants under the Bonus Issue S = Closing price of the AAX shares on the last market day on which the AAX shares are traded on a cum-entitlement basis M = 0.5000, being the number of Warrants (whether a whole or fraction) per existing AAX share held by the entitled shareholders X = RM1.8000, being the existing Exercise Price of AAX-C29 immediately prior to the Bonus Issue E = 2.5000, being the existing Exercise Ratio of AAX-C29 immediately prior to the Bonus Issue Please note the Exercise Price and Exercise Ratio shall only be adjusted if: (i) the Warrants are theoretically in-the-money as at the last market day on which the AAX shares are traded on a cum-entitlement basis (i.e. S is larger than R); and (ii) the adjustment would result in greater than or equal to two percent (2%) of the Exercise Price and Exercise Ratio being changed. We shall make the announcement on the actual adjustments to AAX-C29 on the Last Cum Date (i.e. 16 December 2025). No adjustment shall be made to the Exercise Ratio or the Exercise Price if the adjustment would amount to less than 2% of the Exercise Ratio or the Exercise Price being changed. |
Announcement Info
| Company Name | AAX-C29: CW AIRASIA X BERHAD (AFFIN) |
| Stock Name | AAX-C29 |
| Date Announced | 05 Dec 2025 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-05122025-00008 |