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Amended Announcements Please refer to the earlier announcement reference number: LIP-02122016-00007
Adjustments to the number and exercise price of outstanding SCH warrants 2016/2021 ("Warrants") as a consequence of the consolidation of every 3 existing ordinary shares in SCH Group Berhad ("SCH" or the "Company") ("SCH Shares" or "Shares") held at 5.00 p.m. on 12 March 2021 into 1 SCH Share ("Entitlement Date") ("Share Consolidation")
Pursuant to the Adjustments, (i) the existing number of 205,839,310 Warrants as at the Entitlement Date will be adjusted into 68,612,509 Warrants (after disregarding the fractional entitlements arising from the Adjustments) which will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities) on 15 March 2021 and (ii) the existing exercise price of Warrants will be revised from RM0.10 to RM0.30 each. Further, in accordance with the provisions of the Deed Poll, the Adjustments will take effect from 15 March 2021, being the next market day following the Entitlement Date. The notice to the holders of Warrants (setting out the details of the Adjustments) will be despatched not later than 8 market days after the date of listing and quotation of the Consolidated Warrants on Bursa Securities. This announcement is dated 12 March 2021.