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Amended Announcements Please refer to the earlier announcement reference number: LIP-15092020-00017
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2020/2025 IN ANCOM NYLEX BERHAD (FORMERLY KNOWN AS ANCOM BERHAD) ("ANB" OR THE "COMPANY") ("WARRANTS B") AS CONSTITUTED BY THE DEED POLL DATED 21 AUGUST 2020 ("DEED POLL") PURSUANT TO THE SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY 1 EXISTING ORDINARY SHARE IN ANB ("ANB SHARE") HELD BY ENTITLED SHAREHOLDERS OF THE COMPANY AS AT 5.00 P.M. ON 3 JUNE 2022 ("ENTITLEMENT DATE"), INTO 3 ANB SHARES ("SHARE SPLIT")
Pursuant to the adjustments to the exercise price and number of outstanding Warrants B arising from the Share Split ("Adjustments"): (i) the existing number of 52,954,441 Warrants B as at the Entitlement Date will be adjusted into 158,863,323 Warrants B, which will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 7 June 2022, being the next market day following the Entitlement Date; and (ii) the exercise price of Warrants B will be revised from RM0.84 to RM0.28 each. In accordance with the provisions of the Deed Poll, the Adjustments shall take effect on 7 June 2022, being the next market day immediately after the Entitlement Date. The notice to holders of the Warrants B setting out the details of the Adjustments will be despatched in due course. This announcement is dated 3 June 2022.