Contact us
Amended Announcements Please refer to the earlier announcement reference number: LIP-01062017-00013
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2014 / 2024 IN FINTEC GLOBAL BERHAD ("FINTEC" OR THE "COMPANY") ("WARRANTS A'') AS SPECIFIED IN THE DEED POLL DATED 17 MARCH 2014 PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,971,299,066 NEW ORDINARY SHARES IN FINTEC (''FINTEC SHARES'' OR ''SHARES") (''RIGHTS SHARES'') AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE TOGETHER WITH UP TO 1,577,039,252 FREE DETACHABLE WARRANTS IN FINTEC (''WARRANTS C'') ON THE BASIS OF 5 RIGHTS SHARES TOGETHER WITH 4 FREE WARRANTS C FOR EVERY 5 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 25 NOVEMBER 2020 (''RIGHTS ISSUE WITH WARRANTS'') ("ADJUSTMENTS")
Pursuant to the Adjustments, (i) the existing number of 131,295,625 Warrants A will be adjusted into 170,092,838 Warrants A, whereby the additional 38,797,213 Warrants A will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 28 December 2020; and (ii) the exercise price of the Warrants A will be revised from RM0.30 to RM0.19. Further, in accordance with the provisions of the deed poll dated 17 March 2014, the Adjustments took effect on 26 November 2020, being the next market day following the Entitlement Date. The notice to the holders of Warrants A (setting out the details of the Adjustments) was despatched on 9 December 2020. This announcement is dated 24 December 2020.