ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF NATIONGATE HOLDINGS BERHAD ("NATGATE") ("NATGATE-C1") PURSUANT TO A SPECIAL SINGLE TIER DIVIDEND OF 1.0 PER SHARE IN RESPECT OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 ("SPECIAL DIVIDEND")
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex - Adjustment" as from: 02 Apr 2026
2) The last date of lodgment : 03 Apr 2026
Remarks :
In accordance with Condition 2, Part 1 of the Deed Poll dated 11 October 2024 - Adjustment of Exercise Price, Underlying Index, Exercise Level and/or Exercise Ratio, the Exercise Ratio and Exercise Price of NATGATE-C1 shall 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 NATGATE on the last market day on which NATGATE is traded on a cum-entitlement basis.
D: RM0.0100, being the Special Dividend per NATGATE share
X: RM1.3500, 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 will be made to the Exercise Ratio and/or Exercise Price of NATGATE-C1 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 dated 18 October 2024, the First Supplementary Base Prospectus dated 24 January 2025, the Second Supplementary Base Prospectus dated 22 May 2025, the Third Supplementary Base Prospectus dated 25 July 2025, the Fourth Supplementary Base Prospectus dated 12 September 2025, and the terms and conditions therein shall prevail.
RHBIB, as the issuer of NATGATE-C1, will make further announcements should there be any updates in due course.