We are pleased to announce that GCB-CB has expired at 9.00 a.m. on 23 October 2019 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per GCB-CB) (if the said amount is greater than zero).

The Settlement Price has been determined at RM 4.7880 being the arithmetic mean of the closing price of GCB Shares on Bursa Malaysia Securities Berhad for the five (5) scheduled market days prior to and including the market day before the Expiry Date. 

Cash Settlement Amount

= {(Settlement Price – Exercise Price) / Exercise Ratio } x Number of GCB-CB exercised – 0.30%

= {(RM 4.7880 - RM 3.6500) / 4.5 } x Number of GCB-CB exercised – 0.30%

= RM 0.2529 x Number of GCB-CB exercised – 0.30%

Payment of the Cash Settlement Amount shall be made via the eDividend or Cash Redemption Payment Service by Bursa Malaysia Depository into the bank account of the Holders as provided in the Record of Depositors within seven (7) Market Days following the Expiry Date. Bank cheques shall be issued in favour of the Holders whose bank account information is not available in the Record of Depositors.

This announcement is dated 23 October 2019.