Please refer to the earlier announcement reference number: LIP-14042017-00005
NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS
In accordance with Condition B3.1 Adjustment Of Entitlement And Exercise Price to the Second Schedule of the Deed Poll dated 30 August 2016, the Entitlement and Exercise Price of GDEX-CD will be adjusted for the Bonus Issue in accordance with the following formula:
Adjustment pursuant to Bonus Issue
1. Adjusted Entitlement = (1 + N) x E
= (1 + 3) x 1/3
= 1.3333 (equivalent to Exercise Ratio of 0.75 GDEX-CD per GDEX Share)
2. Adjusted Exercise Price = (1 / (1 + N)) x K
= (1 / (1+3)) x RM2.4000
E: 1/3, being the existing Entitlement immediately prior to the Bonus Issue (equivalent to Exercise Ratio of 3 GDEX-CD per GDEX Share)
N: 3, being the number of additional shares (whether a whole or a fraction) received by a holder of existing shares for each share held prior to the Bonus Issue
K: RM2.40, being the existing Exercise Price of GDEX-CD immediately prior to the Bonus Issue
Based on the formula above, the exercise price of GDEX-CD will be adjusted from RM2.4000 to RM0.6000 and exercise ratio will be adjusted from 3 GDEX-CD : 1 GDEX Share to 0.75 GDEX-CD : 1 GDEX Share.
This announcement is dated 6 June 2016.