PDZ-WB - Notice of Book Closure

Further to Reference No.  ILC-19082021-00007 , kindly be advised of the following :

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 RENOUNCEABLE RIGHTS ISSUE OF UP TO 797,746,170 NEW ORDINARY SHARES IN THE COMPANY ("PDZ SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.14 PER RIGHTS SHARE TOGETHER WITH UP TO 265,915,390 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS C") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 1 OCTOBER 2021 ("RIGHTS ISSUE WITH WARRANTS") ("ADJUSTMENTS")
 

1)  The above Company's securities will be traded and quoted "Ex - Adjustment” as from: 30 Sep 2021 (Instead of 1 Sept    2021)
2)  The last date of lodgment : 1 Oct 2021  (Instead of 2 Sept 2021)

Remarks:-  Reference is made to the earlier announcement dated 18 August 2021.

The Board wishes to extend the Entitlement Date by 20 market days i.e. from 2 September 2021 to 1 October 2021 in order to provide more time for investors to consider their participation in the Rights Issue with Warrants, taking into consideration the latest developments on the COVID-19 situation in the country which currently remains at a critical level.

The amended Notice of Book Closure in relation to the Rights Issue with Warrants had been announced by the Company separately today.

Holders of outstanding Warrants B ("Warrant B Holders") who wish to be entitled to the Rights Shares with Warrants C should exercise their rights to subscribe for new Shares by lodging their duly completed exercise forms together with the relevant subscription monies with the Share Registrar, Securities Services (Holdings) Sdn Bhd, on or before 5.00 p.m. on 17 September 2021. This is to enable the new Shares arising from such exercise to be allotted to the respective Warrant B Holders such that their names will appear on the Record of Depositors of the Company by 5.00 p.m. on 1 October 2021.

The Warrant B Holders who have not exercised their outstanding Warrants B by 5.00 p.m. on 17 September 2021 and whose names appear in the Record of Depositors for the outstanding Warrants B as at 5.00 p.m. on 1 October 2021 would be entitled to the Adjustments.

The entitlement ratio indicated above is for illustration only based on the Base Case Scenario as set out in the circular to shareholders of the Company in relation to, amongst others, the Rights Issue with Warrants dated 9 July 2021. The actual number of additional Warrants B to be issued and the adjusted exercise price of the Warrants B pursuant to the Adjustments shall be finalised at a later date prior to the listing and quotation of the Rights Shares with Warrants C.

The additional Warrants B will be listed and quoted simultaneously with the Rights Shares and Warrants C. The notice to Warrant B Holders (setting out details of the Adjustments) and the notice of allotment for the additional Warrants B will be despatched in due course.