STRUCTURED WARRANTS ANNOUNCEMENT : ADJUSTMENT TO TERMS OF STRUCTURED WARRANTS

Company Name GTRONIC-C20: CW GLOBETRONICS TECHNOLOGY BHD (MIBB)
Stock Name GTRONIC-C20
Date Announced 01 Jul 2022
Category General Announcement for PLC
Reference Number GA1-01072022-00046

Type Announcement
Subject STRUCTURED WARRANTS ANNOUNCEMENT
ADJUSTMENT TO TERMS OF STRUCTURED WARRANTS
Description
ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE NON-COLLATERALISED CASH SETTLED CALL WARRANTS OVER THE ORDINARY SHARES OF GLOBETRONICS TECHNOLOGY BHD ("GTRONIC") ("GTRONIC SHARE(S)") ("GTRONIC-C20")

We refer to GTRONIC's and Maybank Investment Bank Berhad’s announcement dated 16 June 2022 and 17 June 2022 respectively pursuant to the single tier special dividend of 1 sen per GTRONIC Share for the year ending 31 December 2022 ("Special Dividend").

 

As the adjustment for the Special Dividend does not amount to more than 2% of the Exercise Price and Entitlement being changed, therefore we will not make any adjustments to the terms and conditions of GTRONIC-C20. The Exercise Price and Entitlement of GTRONIC-C20 shall remain the same.

 






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