Adjustment
| GTRONIC-C12: CW GLOBETRONICS TECHNOLOGY BERHAD (AM) |
| 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 GLOBETRONICS TECHNOLOGY BERHAD ("GTRONIC") ("GTRONIC SHARES") ("GTRONIC-C12") PURSUANT TO A SINGLE-TIER SPECIAL DIVIDEND OF 1.5 SEN PER ORDINARY SHARE ("SPECIAL DIVIDEND"). |
| EX-date | 17 Nov 2020 |
| Entitlement date | 18 Nov 2020 |
| Entitlement time | 04:30 PM |
| Financial Year End | 31 Dec 2020 |
| 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 Nov 2020 |
| 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 : |
Remarks : In accordance with Part 1 Section 6.1(d) of the Deed Poll dated 3 August 2020, the base prospectus dated 13 August 2020 (Base Prospectus) and the Term Sheet governing the terms and conditions of the GTRONIC-C12 dated 6 October 2020, the terms and condition of GTRONIC-C12 will be correspondingly adjusted based on the formula below: (I) Adjusted Exercise Ratio = E x [(P-D) / P] (II) Adjusted Exercise Price = X x [(P-D) / P] whereby:- P = Closing price of the GTRONIC on the last market day on which the GTRONIC is traded on a cum-entitlement basis. D = RM0.015, being the Special Dividend per one (1) GTRONIC Share held. X = RM3.00, being the existing Exercise Price of GTRONIC-C12 immediately prior to the Special Dividend. E = 5, being the existing Exercise Ratio of GTRONIC-C12 immediately prior to the Special Dividend. We shall make the announcement on the actual adjustments to GTRONIC-C12 on the Last Cum Date. 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. This announcement is dated 3 November 2020. |
Announcement Info
| Company Name | GTRONIC-C12: CW GLOBETRONICS TECHNOLOGY BERHAD (AM) |
| Stock Name | GTRONIC-C12 |
| Date Announced | 03 Nov 2020 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-03112020-00011 |