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BONUS ISSUE OF 400,883,626 WARRANTS IN TOP GLOVE CORPORATION BHD (“TOP GLOVE”) (“WARRANTS”) ON THE BASIS OF 1 WARRANT FOR EVERY 20 EXISTING ORDINARY SHARES IN TOP GLOVE HELD AT 5.00 P.M. ON 4 FEBRUARY 2025
Each Warrant entitles the Warrant holders to subscribe for 1 new ordinary share in Top Glove at the exercise price of RM1.27 per Warrant at any time during the exercise period (as indicated above) commencing from and including the issue date and ending at 5.00 p.m. on the expiry date, subject to the provisions of the deed poll constituting the Warrants dated 15 January 2025. Specifically for the Warrants listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”), the exercise price has been translated into Singapore Dollars (“SGD”) 0.38 per Warrant based on SGD1.00: RM3.3230, being the middle rate quoted by Bank Negara Malaysia as at 5.00 p.m. on 3 December 2024. This translated exercise price of SGD0.38 per Warrant is applicable to Warrants listed on the SGX-ST to be exercised during the period commencing from the date of issuance of the Warrants until 31 March 2025. Each translated exercise price in SGD shall be determined based on the middle rate quoted by Bank Negara Malaysia at 5.00 p.m. on the last trading day (in Malaysia) preceding the date of announcement of the translated exercise price in SGD on Bursa Malaysia Securities Berhad (“Bursa Securities”). The aforementioned announcement shall be made after 5.00 p.m. on Bursa Securities on the last trading day (in Malaysia) of each calendar quarter during the tenure of the Warrants. A corresponding announcement shall also be made on SGX-ST on the same day or, if not a trading day (in Singapore), the next trading day. This translated exercise price shall apply to the Warrants to be exercised during the calendar quarter immediately following the date of the announcement on Bursa Securities. The profile of the Warrants listed on SGX-ST is as follows: Full Name: TOP GLOVE CORPORATION W300209 Counter Trading Name: Top GloveW300209 ISIN: MYL7113WA021 Stock code: ZVUW Any Warrants which have not been exercised at the close of business of the expiry date will thereafter lapse and cease to be valid. If the expiry date of the Warrants falls on a non-market day, then it shall be the market day immediately preceding the said non-market day. This announcement is dated 13 February 2025.