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ISSUANCE OF 293,628,507 FREE WARRANTS IN GCB ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY FOUR (4) EXISTING ORDINARY SHARES IN GCB ("GCB SHARES") HELD AT 5.00 P.M. ON 18 JUNE 2025
Each Warrant entitles the holders to subscribe for one (1) new GCB Share at any time during the period commencing on and including 20 June 2025 (being the date of issuance of the Warrants) and ending on the close of business at 5.00 p.m. on 19 June 2028 (being the expiry of the tenure of the Warrants) ("Exercise Period") at the exercise price of RM1.60 per GCB Share, subject to adjustments in accordance with the provisions of the deed poll dated 28 May 2025 constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid. This announcement is dated 23 June 2025.