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Amended Announcements Please refer to the earlier announcement reference number: MI-140902-39370
MERIDIAN BERHAD ("MERIDIAN" OR THE "COMPANY") ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2014/2024 IN MERIDIAN ("WARRANTS C") AS CONSTITUTED BY THE DEED POLL DATED 7 AUGUST 2014 ("DEED POLL C"), PURSUANT TO THE SHARES CONSOLIDATION OF EVERY 4 EXISTING ORDINARY SHARES IN MERIDIAN ("MERIDIAN SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 21 FEBRUARY 2023 ("SHARE CONSOLIDATION ENTITLEMENT DATE") INTO 1 CONSOLIDATED MERIDIAN SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") ("ADJUSTMENTS")
Pursuant to the Adjustments, the existing 48,421,408 outstanding Warrants C as at the Share Consolidation Entitlement Date will be consolidated into 12,105,271 Warrants C (after disregarding the fractional entitlements arising from the Adjustments), which will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") with effect from 9.00 a.m. on 22 February 2023.The existing exercise price of Warrants C will be revised from RM0.80 to RM3.20 each. Further, in accordance with the provisions of the Deed Poll C, the Adjustments will take effect from 22 February 2023, being the next market day following the Share Consolidation Entitlement Date. The notice to the holders of Warrants C setting out the details of the Adjustments will be despatched in due course. This announcement is dated 21 February 2023.