Adjustment

[TIMECOM-C2] Adjustment on 14-Mar-2023

Announcement Date: 01-Mar-2023
Related Stock:
TIMECOM
TIME DOTCOM BHD
Share Registrar:
TIMECOM
TIME DOTCOM BHD
Amount

0.0000 : 0.0000

  • Ex Date
    14-Mar-2023
  • Entitlement Date
    15-Mar-2023
Description
ADJUSTMENT TO THE TERMS AND CONDITIONS OF THE EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF TIME DOTCOM BERHAD ("TIMECOM") ("TIMECOM SHARES") ("TIMECOM-C2") PURSUANT TO THE SPECIAL DIVIDEND OF 2.36 SEN PER ORDINARY SHARE ("SPECIAL DIVIDEND").

About TIME DOTCOM BHD
Time Dotcom Bhd is a telecommunications company that offers fixed-line and enterprise services, including data (broadband and wireless), voice, and data center services, where the majority of revenue comes from. The company divides its customer base into three segments: wholesale, retail, and enterprise. Retail and enterprise deal with households and companies, respectively. The wholesale segment provides backhaul services to Asia-Pacific and Malaysian telecommunication companies. This is enabled through the company's ownership of telecommunications infrastructure, specifically a fiber-optic cable network.

How to be entitled
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.

On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
How to subscribe
Shareholders that fulfill the requirement above will need to fill in and submit the right subscription form to the share registrar:

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