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Amended Announcements Please refer to the earlier announcement reference number: LIP-05042021-00020
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2018/2021 OF SANICHI TECHNOLOGY BERHAD ("SANICHI" OR THE "COMPANY") ("WARRANTS E") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 2 NOVEMBER 2018 CONSTITUTING THE WARRANTS E (''DEED POLL E'') PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,424,428,212 NEW ORDINARY SHARES IN SANICHI (''SANICHI SHARES'' OR ''SHARES'') (''RIGHTS SHARES'') AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE TOGETHER WITH UP TO 712,214,106 FREE DETACHABLE WARRANTS IN SANICHI ("WARRANTS F") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS F FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 23 APRIL 2021 ("ENTITLEMENT DATE") (''RIGHTS ISSUE WITH WARRANTS'') (''ADJUSTMENTS'')
Pursuant to the Adjustments, (i) the existing number of 36,932,791 Warrants E has been adjusted to 100,235,352 Warrants E, whereby the additional 63,302,561 Warrants E will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 28 May 2021; and (ii) the exercise price of the Warrants E has been revised from RM1.00 to RM0.25. The additional Warrants E were issued based on the entitlement ratio of 1.7140:1.0000 (additional Warrants E: number of outstanding Warrants E held as at the Entitlement Date) and after disregarding fractional entitlements. The notice to the holders of Warrants E (setting out the details of the Adjustments) will be despatched on 3 June 2021. This announcement is dated 27 May 2021.