Contact us
Amended Announcements Please refer to the earlier announcement reference number: LIP-11082021-00001
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 PDZ ("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 ("ENTITLEMENT DATE") ("RIGHTS ISSUE WITH WARRANTS") ("ADJUSTMENTS")
Pursuant to the Adjustments, (i) the existing number of 31,840,224 Warrants B will be adjusted to 101,935,626 Warrants B, whereby the additional 70,095,402 Warrants B will be allotted and issued on 6 October 2021 to the entitled warrant holders whose names appear on the Record of Depositors of PDZ at 5.00pm on 1 October 2021. The Additional Warrants B will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 2 November 2021 simultaneously with the Rights Shares and Warrants C; and (ii) the exercise price of the Warrants B will be revised from RM1.00 per PDZ Share to RM0.30 per PDZ Share. The additional Warrants B were issued based on the entitlement ratio of 2.2015:1.0000 (Additional Warrants B: number of outstanding Warrants B held as at the Entitlement Date) and after disregarding fractional entitlements. In accordance with the Deed Poll B, the Adjustments shall take effect on 4 October 2021, being the next market day immediately after the Entitlement Date. The notice to the holders of Warrants B in relation to the Adjustments and the notice of allotment of the Additional Warrants B will be despatched in due course. This announcement is dated 4 October 2021.