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Amended Announcements Please refer to the earlier announcement reference number: LIP-16072018-00004
PMB TECHNOLOGY BERHAD ("PMBT") ADJUSTMENT TO WARRANTS 2018/2023 OF PMBT ("WARRANTS 2018/2023") PURSUANT TO THE BONUS ISSUE OF UP TO 1,296,774,800 NEW ORDINARY SHARES IN PMBT ("PMBT SHARES") ("BONUS SHARES"), ON THE BASIS OF 4 BONUS SHARES FOR EVERY 1 EXISTING PMBT SHARE HELD BY THE ENTITLED SHAREHOLDERS AS AT 5.00 P.M. ON 28 APRIL 2022 ("ENTITLEMENT DATE") ("BONUS ISSUE")
Each Warrant 2018/2023 carries the entitlement to subscribe for 1 new PMBT Share at the revised exercise price of RM0.60 and at any time during the exercise period, subject to the adjustments in accordance with the terms and provisions of the deed poll dated 30 May 2018 constituting the Warrants 2018/2023 ("Deed Poll"). Pursuant to the adjustments of Warrants 2018/2023, (i) the existing number of 16,948,097 Warrants 2018/2023 as at the Entitlement Date will be adjusted to 84,740,485 Warrants 2018/2023, whereby the additional 67,792,388 Warrants 2018/2023 will be listed and quoted together with the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad on 29 April 2022, and (ii) the existing exercise price of Warrants 2018/2023 will be revised from RM3.01 to RM0.60 each ("Warrant 2018/2023 Adjustments"). In accordance with the terms and provisions of the Deed Poll, the Warrant 2018/2023 Adjustments will take effect on 29 April 2022, being the next market day following the Entitlement Date. The notice to the holders of Warrants 2018/2023 (setting out the details of the Warrant 2018/2023 Adjustments) will be despatched in due course. This announcement is dated 28 April 2022.