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ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2018/2023 OF PDZ HOLDINGS BHD ("PDZ" OR THE "COMPANY") ("WARRANTS B") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 19 DECEMBER 2017 CONSTITUTING THE WARRANTS B ("DEED POLL B") PURSUANT TO THE CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PDZ ("PDZ SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 11 AUGUST 2021 ("ENTITLEMENT DATE") INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") ("ADJUSTMENTS")
Pursuant to the Adjustments, (i) the existing number of 318,403,878 Warrants B as at the Entitlement Date will be adjusted into 31,840,224 Warrants B (after disregarding the fractional entitlements arising from the Adjustments) which will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 12 August 2021; and (ii) the existing exercise price of Warrants B will be revised from RM0.10 to RM1.00 each. Further, in accordance with the provisions of the Deed Poll B, the Adjustments will take effect from 12 August 2021, being the next market day following the Entitlement Date. The notice to the holders of Warrants B (setting out the details of the Adjustments) will be despatched in due course. This announcement is dated 11 August 2021.