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Amended Announcements Please refer to the earlier announcement reference number: LIP-12042022-00001
AGESON BERHAD ("AGESON" OR THE "COMPANY") ADJUSTMENT TO THE CONVERSION PRICE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN AGESON ("ICPS") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 716,335,858 NEW ORDINARY SHARES IN AGESON ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 6 MAY 2022 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.20 PER RIGHTS SHARE ("RIGHTS ISSUE")
Pursuant to the adjustment to the conversion price of the ICPS arising from the Rights Issue ("Adjustment"), (i) the conversion price of ICPS of RM1.95 each will be revised to RM1.03 each; and (ii) 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 RM1.80 each will be revised to RM0.95 each. The notice setting out the details of the Adjustment to the holders of ICPS was despatched to entitled ICPS holders on 2 June 2022. This announcement is dated 8 June 2022.