TANCO-WC - Notice of Book Closure

Adjustments to the number and exercise price of outstanding warrants 2022/2025 (“Warrants”) as specified in the deed poll dated 18 August 2022 (“Deed Poll”) (“Adjustments”), as a consequence of the bonus issue of up to 3,851,232,568 new ordinary shares in Tanco Holdings Berhad (“Tanco” or the “Company”) (“Tanco Shares”) (“Bonus Shares”) on the basis of 7 Bonus Shares for every 5 existing Tanco Shares held at 5.00 p.m. on 7 April 2025 (“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: 04 Apr 2025
2) The last date of lodgment : 07 Apr 2025

Remarks 1: 

Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 07 Apr 2025 with adjustment to the number of outstanding TANCO-WC shares, any shareholder who is entitled to receive TANCO-WC additional shares may now sell any or all of his TANCO-WC shares arising from adjustment consequent to the bonus issue beginning the Ex-Date (04 Apr 2025).

For example, if Mr X purchases 500 shares on cum basis on 03 Apr 2025, Mr X should receive 500 shares on 07 Apr 2025 . 
Consequent to a bonus issue, an additional of 700 TANCO-WC shares will be credited into Mr X's CDS account on the night of 07 Apr 2025 being the Book Closing Date. Therefore, Mr X can sell a total of 1200 TANCO-WC shares on or after the Ex-Date ie from 04 Apr 2025 onwards.

Remarks 2: 

Pursuant to the Bonus Issue, the number and exercise price of outstanding Warrants which are not exercised prior to the Entitlement Date will be adjusted in accordance with the provisions of the Deed Poll.

Fractional entitlements arising from the Adjustments, if any, shall be disregarded and/or dealt with by the Board of Directors of the Company ("Board") in such manner at its absolute discretion as it may deem fit and expedient or in the best interests of the Company. 

As at 20 March 2025, the Company has 543,035,476 outstanding Warrants. Hence, the maximum number of additional Warrants to be issued arising from the Adjustments (“Additional Warrants”) is 760,249,666 Additional Warrants. The actual number of Additional Warrants to be issued and allotted arising from the Adjustments would depend on the number of outstanding Warrants which have yet to be exercised into new Tanco Shares as at the Entitlement Date.

Further, the existing exercise price of Warrants of RM0.31 each will be revised to RM0.13 each pursuant to the Adjustments.

The Additional Warrants will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 8 April 2025, being the next market day following the Entitlement Date.

The notices of allotment for the Additional Warrants will be despatched to the entitled holders not later than 4 market days after the date of listing and quotation of the Additional Warrants on Bursa Securities. The notice to the holders of Warrants (setting out the details of the Adjustments) will be despatched in due course.