Adjustment

[TIMECOM-C1] Adjustment on 14-Mar-2023

Announcement Date: 02-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-C1") PURSUANT TO THE SPECIAL INTERIM TAX EXEMPT (SINGLE TIER) DIVIDEND OF 2.36 SEN PER ORDINARY SHARE FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 ("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:

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment