Contact us
Amended Announcements Please refer to the earlier announcement reference number: OI-130410-45678
ADJUSTMENTS TO THE EXERCISE PRICE AND THE NUMBER OF THE OUTSTANDING WARRANTS 2013/2023 IN DIGISTAR CORPORATION BERHAD ("DIGISTAR" OR THE "COMPANY") ("WARRANT(S) B") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 4 MARCH 2013 PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 287,518,911 NEW ORDINARY SHARES IN DIGISTAR ("DIGISTAR SHARE(S)" OR "SHARES") ("RIGHTS SHARE(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 3 EXISTING DIGISTAR SHARES HELD TOGETHER WITH UP TO 287,518,911 FREE DETACHABLE WARRANTS (WARRANT(S) C) ON THE BASIS OF 1 WARRANT C FOR EVERY 1 RIGHTS SHARE SUBSCRIBED BY THE ENTITLED SHAREHOLDERS, AS AT 5.00 P.M. ON MONDAY, 3 MAY 2021 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.05 PER RIGHTS SHARE ("ADJUSTMENTS") ("RIGHTS ISSUE WITH FREE WARRANTS")
Pursuant to the Rights Issue with Free Warrants, the exercise price of the Warrants B has been revised from RM0.26 to RM0.25 while an additional 7,653,807 Warrants B will be listed and quoted on 1 June 2021. The additional new Warrants B arising from the Adjustments were issued based on the entitlement ratio of 10.34:100.00 (additional new Warrants B:existing number of outstanding Warrants B as at the Entitlement Date). The adjustment to the exercise price of the Warrants B took effect from 9.00 a.m. on 4 May 2021, being the next market day following the Entitlement Date for the Rights Issue with Free Warrants on 3 May 2021, in accordance with the Deed Poll B. The notice setting out the details of the Adjustments to the holders of Warrants B was despatched to entitled Warrants B holders on 31 May 2021. This announcement is dated 31 May 2021.