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Amended Announcements Please refer to the earlier announcement reference number: LIP-31052021-00001
ADJUSTMENTS TO THE EXERCISE PRICE AND THE NUMBER OF THE OUTSTANDING WARRANTS 2021/2026 IN DIGISTAR CORPORATION BERHAD ("DIGISTAR" OR THE "COMPANY") ("WARRANT(S) C") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 16 APRIL 2021 ("DEED POLL C") PURSUANT TO THE CONSOLIDATION OF EVERY 3 EXISTING ORDINARY SHARES IN DIGISTAR ("DIGISTAR SHARE(S)" OR "SHARE(S)") INTO 1 DIGISTAR SHARE ("ADJUSTMENTS") ("SHARE CONSOLIDATION")
Pursuant to the Share Consolidation, (i) the existing number of 260,384,403 Warrants C as at the Entitlement Date will be adjusted to 86,794,477 Consolidated Warrants C (after disregarding the fractional entitlements arising from the Share Consolidation), which will be listed and quoted on the Main Market of Bursa Securities on 31 May 2022; and (ii) the exercise price of the Warrants C will be revised from RM0.10 to RM0.30 each. Further, in accordance with the provisions of the Deed Poll C, the Adjustments will take effect from 5.00 p.m. on Monday, 30 May 2022, being the Entitlement Date. The notice setting out the details of the Adjustments to the holders of Warrants C will be despatched to the entitled Warrants C holders in due course. This announcement is dated 30 May 2022.