UWC-CG - Notice of Book Closure

ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF UWC BERHAD ("UWC") ("UWC SHARES") ("UWC-CG") PURSUANT TO BONUS ISSUE OF UP TO 550,237,099 NEW ORDINARY SHARES IN UWC ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 UWC SHARE HELD AS AT 5.00 P.M. ON 17 FEBRUARY 2021 ("ENTITLEMENT DATE") ("BONUS ISSUE")
 

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 16 Feb 2021
2)  The last date of lodgment : 17 Feb 2021

Remarks : (Unless otherwise defined in this announcement, the definitions contained in the announcement dated 4 December 2020 shall apply throughout this announcement)

Reference is also made to the base prospectus dated 13 August 2020 (Base Prospectus) and the Term Sheet governing the terms and conditions of UWC-CG dated 2 November 2020. The terms and conditions of the UWC-CG shall be correspondingly adjusted based on the formulas below:

1. Adjusted Exercise Ratio = E / (1+N)
2. (II) Adjusted Exercise Price = X / (1+N)

where,

X = RM7.80, being the existing Exercise Price of UWC-CG immediately prior to the Bonus Issue

N = 1, being the number of additional UWC Share (whether a whole or fraction) received by a holder of existing UWC Share for each UWC Share held prior to the Bonus Issue

E = 15, being the existing Exercise Ratio of UWC-CG immediately prior to the Bonus Issue

Based on the formulas above,

(I) Exercise Ratio of UWC-CG will be adjusted from 15 to 7.5000.

(II) Exercise Price of UWC-CG will be adjusted from RM7.80 to RM3.9000.

The actual adjustments to UWC-CG will take effect immediately on the ex-date of the Bonus Issue, 16 February 2021.