Tropicana Corporation Berhad Annual Report 2023

'%" IRREDEEMABLE#CONVERTIBLE#PREFERENCE#SHARES#AND#PERPETUAL#BOND#(CONT’D") Group!and!Company +"+$ +"++ RM’""" RM’""" Represented!as/ Non-current!liabilities !!)#%&.&!! !!0#&++-! Current!liabilities !$%(')! !1&-"$! Equity !!$"#%+#"!! !!1%%&"/,!! ! !!$)&%&'"!! !!/1$&/$,!! The!salient!terms!of!the!ICPS!were!as!follows) (a) Issue The!ICPS!shall!be!irredeemable!convertible!preference!shares!and!each!ICPS!confers!on!the!ICPS!Holder!for!the!time!being!the! rights&!privileges!and!restriction!set!out!in!this!Constitution' (b) Dividend The!ICPS!in!the!share!capital!carries!an!annual!cumulative!preferential!dividend!at!the!following!rates) Period Rate From!the!Issue!Date!up!to!and!including!the!first!($st)!anniversary $'#3!based!on!the!Issue!Price!of!the!ICPS From!the!date!after!the!first!($st)!anniversary!up!to!and!including!the!second!("nd)! anniversary $'/3!based!on!the!Issue!Price!of!the!ICPS From!the!date!after!the!second!("nd)!anniversary!up!to!and!including!the!fifth!(/th)! anniversary "'#3!based!on!the!Issue!Price!of!the!ICPS From!the!date!after!the!fifth!(/th)!anniversary!up!to!the!Market!Day!immediately! preceding!the!tenth!($#th)!anniversary!from!the!Issue!Date!(“Maturity!Date”) +'#3!based!on!the!Issue!Price!of!the!ICPS Subject!to!availability!of!profits!and!compliance!with!the!Act&!the!dividend!in!respect!of!the!ICPS!will!be!payable!in!arrears!on!a! semi-annual!basis'!To!the!extent!that!the!dividends!or!any!part!thereof!is!not!declared!or!paid!on!a!semi-annual!basis&!after!the! date!on!which!the!ICPS!are!first!issued&!it!will!continue!to!accumulate!and!be!declared!and!paid!on!a!cumulative!basis!no!later!than! the!Maturity!Date&!subject!to!availability!of!profits!and!compliance!with!the!Act' 263 FINANCIAL STATEMENTS & OTHER INFORMATION

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