Top Glove Announces Conversion of Warrants to Ordinary Shares

Key Highlights for Investors

• Corporate Action: Top Glove Corporation Bhd has announced the successful conversion of warrants into ordinary shares.
• Number of Shares Issued: 121,539 new ordinary shares have been issued via this exercise.
• Issue Price: Each new share was issued at MYR 1.27.
• Latest Share Capital: Following this conversion, Top Glove’s total issued share capital now stands at 8,217,728,878 shares.
• Total Issued Share Capital (in MYR): The company’s issued share capital is now valued at MYR 1,856,097,908.27.
• Listing Date: The new shares will be listed and quoted on Bursa Malaysia on 19 November 2025.

Details and Implications for Shareholders

Top Glove Corporation Bhd has completed a corporate exercise involving the conversion of warrants into ordinary shares. This move adds 121,539 new shares to the company’s already substantial share base. The shares were issued at a price of MYR 1.27 each.

Following this exercise, Top Glove’s total issued share capital now comprises 8,217,728,878 ordinary shares. The total issued share capital is valued at MYR 1,856,097,908.27. This figure takes into account credit balances from the share premium, share option reserve, and share option cost.

The listing of these new shares is scheduled for 19 November 2025, which means they will be available for trading on Bursa Malaysia from that date.

Potential Impact on Share Price

• Share Dilution: The issuance of new shares will result in a minor dilution for existing shareholders. Although the number of shares issued (121,539) is relatively small compared to the total outstanding shares (over 8.2 billion), investors should be aware of the potential for dilution with each such exercise.
• Capital Structure: The company’s capital base has slightly increased, enhancing Top Glove’s financial flexibility and potentially its market capitalisation.
• Warrant Exercise Activity: The conversion indicates that warrant holders are confident enough in Top Glove’s future prospects to convert their warrants into ordinary shares, possibly indicating positive sentiment towards the company.

Additional Information

• No new type or class of securities was issued in this exercise; only the conversion of existing warrants to ordinary shares occurred.
• The announcement was made on 18 November 2025, with the reference number ALA-24102025-00004 under the category of “Additional Listing Announcement / Subdivision of Shares”.

Shareholders and potential investors should monitor further corporate actions and announcements from Top Glove, as ongoing warrant exercises or other capital-raising activities could continue to impact the shareholding structure and market perception.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult their financial advisers before making any investment decisions related to Top Glove Corporation Bhd or any other securities.

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