General Announcement::Update on Issuance of Tranche 2 Equity-Linked Securities

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 12-Aug-2024 08:36:57
Status: New
Announcement Sub Title: Update on Issuance of Tranche 2 Equity-Linked Securities
Announcement Reference: SG240812OTHRIMNK
Submitted By (Co./ Ind. Name): Anna Michelle T. Llovido
Designation: Corporate Secretary
Effective Date and Time of the event: 12/08/2024 08:00:00
Description (Please provide a detailed description of the event in the box below): Further to the 11 August 2023 disclosure of Emperador Inc. (the Company ) and the previous disclosures on the extension of the Conversion Period (as defined below) for the issuance of the Tranche 2 ELS Shares between the Company and Arran Investment Pte Ltd. (Arran), please be informed that the Conversion Period has been mutually extended by the parties from 12 August 2024 to 12 February 2025.

Accordingly, notice is hereby given of the decision to further extend the Conversion Period from 12 August 2024 to 12 February 2025.

The ELS Instrument was issued on 04 December 2014 to Arran as part of its investment in the Company, and on 03 December 2021, the Company was given a period until 28 February 2022 (Conversion Period) to issue Four Hundred Seventy-Five Million (475,000,000) ELS Shares to Arran per the ELS Instrument. The Conversion Period went through a number of modifications, the latest of which is its extension as mentioned above (i.e., from 12 August 2024 to 12 February 2025).

Total size =269K