Company: GCL
Filing Date: 2025-04-30
Form Type: 424B3
Source: 0001213900-25-037646
Chunk: 13

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-30
Form: 424B3
Chunk 13
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 to Section 215(3)
of the Companies Act, Dissenting Shareholders have the right under and subject to Section 215(3) of the Companies Act, to require the
Offeror to acquire their Offer Shares at the Offer Price in the event that the Offeror and its related corporations (or their respective
nominees) and any person or body corporate falling within the meaning of Section 215(9A) of the Companies Act acquire, pursuant to the
Offer, such number of Shares which, together with treasury shares and the Shares held by the Offeror and its related corporations (or
their respective nominees) and any person or body corporate falling within the meaning of Section 215(9A) of the Companies Act, comprise
90 per cent. or more of the total number of issued Shares (including treasury shares). Dissenting Shareholders who wish to exercise such
a right are advised to seek their own independent legal advice.

| 9. | FINANCIAL ASPECTS OF THE OFFER |

The Offer Price represents the following
premium over the historical transacted prices of the Shares on the Singapore Exchange Securities Trading Limited (“SGX-ST”):

| Description                                                                                                                            
 Last                                                                                                                                   
 transacted price per Share as quoted on the SGX-ST on 29 April 2025, being the last trading day on which the Shares were traded on the 
 SGX-ST prior to the trading halt and the Offer Announcement Date (“Last Trading Day”)                                                  
 Volume-weighted                                                                                                                        
 average price (“VWAP”) of the Shares as traded on the SGX-ST for the one-month period up to and including the Last                     
 Trading Day                                                                                                                            |     | Benchmark Price (S$)(1) | 0.375 
 0.368 |     | Premium over the Benchmark Price (%)(2) | 60.8 
 63.9 | % 
 % |
|:---------------------------------------------------------------------------------------------------------------------------------------|:----|:------------------------|------:|:----|:----------------------------------------|-----:|:--|
| VWAP of the Shares as traded on the SGX-ST for the three-month period up to and including Last Trading Day                             |     |                         | 0.356 |     |                                         | 69.3 | % |
| VWAP of the Shares as traded on the SGX-ST for the six-month period up to and including the Last Trading Day                           |     |                         | 0.348 |     |                                         | 73.4 | %