TEOSENG-CB - Notice of Book Closure

RHB INVESTMENT BANK BERHAD ("RHBIB")

ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF TEO SENG CAPITAL BERHAD ("TEOSENG") ("TEOSENG-CB") PURSUANT TO A BONUS ISSUE OF 300,008,175 NEW ORDINARY SHARES IN TEOSENG ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING TEOSENG SHARE HELD AS AT 5:00 P.M. ON 12 DECEMBER 2024 ("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: 11 Dec 2024

2) The last date of lodgment : 12 Dec 2024

Remarks :

In accordance with Condition 2, Part 1 of the Deed Poll dated 11 October 2023 - Adjustment of Exercise Price, Underlying Index, Exercise Level and/or Exercise Ratio, the Exercise Ratio and Exercise Price of TEOSENG-CB will be adjusted in accordance with the following formula:

Adjustment pursuant to the Bonus Issue

1. Adjusted Exercise Ratio = E / (1 + N) 

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

Whereby in respect of this Condition 2.1.1(a)(i) and (ii):

X: RM2.2000; being the existing Exercise Price immediately prior to the Bonus Issue 

N: 1.0000, being the number of additional Share (whether a whole or a fraction) received by a holder of existing TEOSENG Share for each share of TEOSENG held prior to the Bonus Issue

E: 4.0000, being the existing Exercise Ratio immediately prior to the Bonus Issue

For avoidance of doubt, reference should be made to the Base Prospectus dated 20 October 2023, the First Supplementary Base Prospectus dated 19 December 2023, the Second Supplementary Base Prospectus dated 26 February 2024, the Third Supplementary Base Prospectus dated 29 March 2024, the Fourth Supplementary Base Prospectus dated 21 May 2024, the Fifth Supplementary Base Prospectus dated 17 July 2024 and the Sixth Supplementary Base Prospectus dated 29 August 2024 (collectively referred to as, "Base Prospectus 2023") and the terms and conditions therein shall prevail.

RHBIB, as the issuer of TEOSENG-CB, will make a further announcement should there be any updates in due course.