TWL-WD

0.005

(%)

OTHERS NO ADJUSTMENT TO THE NUMBER AND EXERCISE PRICE OF OUTSTANDING TWL WARRANTS 2021/2024 ("WARRANTS D") AS SPECIFIED IN THE DEED POLL DATED 11 AUGUST 2021 ("DEED POLL D") AS A CONSEQUENCE OF THE RIGHTS ISSUE

TWL HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
NO ADJUSTMENT TO THE NUMBER AND EXERCISE PRICE OF OUTSTANDING TWL WARRANTS 2021/2024 ("WARRANTS D") AS SPECIFIED IN THE DEED POLL DATED 11 AUGUST 2021 ("DEED POLL D") AS A CONSEQUENCE OF THE RIGHTS ISSUE

(Unless otherwise stated, all abbreviations used in this announcement shall have the same meanings as defined in the circular to shareholders in relation to the Rights Issue dated 24 February 2023, where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the Notice of Book Closure in relation to the Rights Issue which had been announced by the Company separately today.

 

In relation to the above, pursuant to the provisions of the Deed Poll D:-

 

(i)         there shall be no adjustment to the number of Warrants D arising from the Rights Issue; and

 

(ii)         consequential to the Rights Issue, the exercise price of Warrants D is to be adjusted based on the formula as set out in the Deed Poll D. In this regard, the adjusted exercise price of the Warrants D was computed to be the same as the existing exercise price of the Warrants D of RM0.04. In view thereof, the exercise price of the Warrants D would remain unchanged at RM0.04.

 

This announcement is dated 26 April 2023.






Announcement Info

Company Name TWL HOLDINGS BERHAD
Stock Name TWL-WD
Date Announced 26 Apr 2023
Category General Announcement for PLC
Reference Number GA1-26042023-00043