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Amended Announcements Please refer to the earlier announcement reference number: LIP-18122018-00004
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2018/2023 IN JAKS RESOURCES BERHAD ("JRB" OR "COMPANY") ("WARRANTS B") IN ACCORDANCE WITH THE DEED POLL DATED 5 NOVEMBER 2018 CONSTITUTING THE WARRANTS B ("DEED POLL") AS A CONSEQUENCE OF THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,292,073,304 NEW ORDINARY SHARES IN JRB ("JRB SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.22 PER RIGHTS SHARE TOGETHER WITH UP TO 646,036,652 FREE DETACHABLE WARRANTS IN JRB ("WARRANTS") ON THE BASIS OF 8 RIGHTS SHARES TOGETHER WITH 4 WARRANTS FOR EVERY 5 EXISTING ORDINARY SHARES IN JRB HELD AS AT 5.00 P.M. ON TUESDAY, 27 OCTOBER 2020 ("ENTITLEMENT DATE") ("RIGHTS ISSUE WITH WARRANTS") ("ADJUSTMENTS")
Pursuant to the Adjustments, (i) an additional 81,059,808 Warrants B have been allotted and issued on 19 November 2020 to the entitled Warrants B holders whose names appear on the Record of Depositors of Warrants B at 5.00 p.m. on 27 October 2020; and (ii) the existing exercise price of the Warrants B will be revised from RM0.64 to RM0.34. The additional Warrants B will be listed and quoted on the Main Market of Bursa Securities on 26 November 2020. Further, in accordance with the provisions of the Deed Poll, the Adjustments took effect on 28 October 2020, being the next market day immediately following the Entitlement Date. The notice to the holders of the Warrants B setting out the details of the Adjustments has been despatched to the holders of the Warrants B on 25 November 2020. This announcement is dated 25 November 2020.