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Amended Announcements Please refer to the earlier announcement reference number: OS-150121-53737
DPS RESOURCES BERHAD ("DPS" OR "COMPANY") ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2015/2025 IN DPS AS CONSTITUTED BY THE DEED POLL DATED 9 DECEMBER 2014 AND SUPPLEMENTED BY A DEED POLL DATED 29 AUGUST 2022 ("DEED POLL B") ("WARRANTS B") PURSUANT TO THE CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN DPS ("DPS SHARE(S)") HELD AS AT 5.00 P.M. ON 25 JULY 2023 ("ENTITLEMENT DATE") INTO 1 DPS SHARE ("SHARE CONSOLIDATION")
Pursuant to the adjustments to the exercise price and number of outstanding Warrants B arising from the Share Consolidation ("Adjustments"): (i) the existing number of 194,261,746 outstanding Warrants B as at the Entitlement Date will be adjusted into 38,852,347 Warrants B (after disregarding the fractional entitlements arising from the Adjustments), which will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 26 July 2023, being the next market day following the Entitlement Date; and (ii) the exercise price of the Warrant B of RM0.10 each will be revised to RM0.50 each. Further, in accordance with the provisions of the Deed Poll B, the Adjustments will take effect from 26 July 2023, being the next market day following the Entitlement Date. The notice setting out the details of the Adjustments will be issued and despatched to entitled Warrants B holders in due course. This announcement is dated 25 July 2023.