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Amended Announcements Please refer to the earlier announcement reference number: LIP-08102015-00001
Adjustments to the exercise price and number of outstanding warrants of LBS Bina Group Berhad ("LBGB") constituted by the deed poll dated 3 September 2015 ("Warrants 2015/2020") pursuant to the subdivision of every 1 existing ordinary share in LBGB into 2 ordinary shares in LBGB ("Subdivided Share(s)") ("Subdivision") and the bonus issue of new ordinary shares ("Bonus Shares") on the basis of 1 Bonus Share for every 10 Subdivided Shares held by the shareholders of LBGB at 5.00 p.m. on 26 February 2018 ("Entitlement Date") ("Bonus Issue") ("Adjustments")
Unless otherwise defined, the definitions set out in the circular to shareholders dated 21 December 2017 shall apply herein. Pursuant to the Subdivision and Bonus Issue, details of which are set out in the announcement dated 31 October 2017, the exercise price of the Warrants 2015/2020 will be revised from RM1.25 to RM0.56 while an additional 54,671,815 Warrants 2015/2020 will be listed and quoted on 27 February 2018. The Adjustments will take effect on 27 February 2018, being the next market day following the Entitlement Date for the Subdivision and Bonus Issue, in accordance with the memorandum to the deed poll constituting the Warrants 2015/2020. The notice to Warrant 2015/2020 holders containing details of the Adjustments will be despatched to the holders of Warrant 2015/2020 in due course. This announcement is dated 26 February 2018.