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Amended Announcements Please refer to the earlier announcement reference number: LIP-18032020-00017
AGESON BERHAD ("AGESON" OR THE "COMPANY") ADJUSTMENTS TO THE CONVERSION PRICE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN AGESON ("ICPS"), CASH PAYMENT FOR CONVERSION OF ICPS AND NUMBER OF OUTSTANDING ICPS PURSUANT TO THE CONSOLIDATION OF EVERY 15 EXISTING ORDINARY SHARES IN AGESON ("SHARE") HELD AS AT 5.00 P.M. ON 12 APRIL 2022 ("ENTITLEMENT DATE") INTO 1 AGESON SHARE ("SHARE CONSOLIDATION")
Pursuant to the adjustments to the conversion price of ICPS, cash payment for conversion of ICPS and number of outstanding ICPS arising from the Share Consolidation ("Adjustments"), (i) the existing number of 3,814,226,509 ICPS as at the Entitlement Date will be adjusted into 254,281,099 ICPS (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 13 April 2022, being the next market day following the Entitlement Date; (ii) the conversion price of ICPS of RM0.13 each will be revised to RM1.95 each; and (iii) the cash payment for conversion of ICPS (based on the conversion mode of surrendering 1 ICPS with additional cash payment for 1 new Share) of RM0.12 each will be revised to RM1.80 each. Further, in accordance with the provisions of the Company's Constitution, the Adjustments will take effect from 13 April 2022, being the next market day following the Entitlement Date. The notice setting out the details of the Adjustments to the holders of ICPS will be issued and despatched to entitled ICPS holders in due course. This announcement is dated 12 April 2022.