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ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2021/2026 IN SJC AS CONSTITUTED BY THE DEED POLL DATED 28 SEPTEMBER 2021 ("DEED POLL") ("OUTSTANDING WARRANTS") PURSUANT TO THE BONUS ISSUE OF SHARES UP TO 262,079,985 NEW ORDINARY SHARES IN SJC ("SJC SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 3 BONUS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 8 NOVEMBER 2022 ("ENTITLEMENT DATE") ("BONUS ISSUE ")
Pursuant to the Bonus Issue, the exercise price of the Warrants will be revised from RM2.00 to RM0.50 while an additional 72,799,395 Warrants will be listed and quoted on 9 November 2022. The Adjustments will take effect on 9 November 2022, being the next market day following the entitlement date for the Bonus Issue on 8 November 2022, in accordance with the deed poll dated 28 September 2021 constituting the Warrants. The notice to Warrant holders containing details of the Adjustments will be despatched to the Warrant holders in due course. This announcement is dated 8 November 2022.