Contact us
Amended Announcements Please refer to the earlier announcement reference number: LIP-31122020-00001
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2020/2025 IN GREEN OCEAN CORPORATION BERHAD ("GREEN OCEAN" OR "COMPANY") ("WARRANT(S) B") CONSTITUTED BY THE DEED POLL DATED 18 NOVEMBER 2020 ("DEED POLL B") PURSUANT TO THE CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN GREEN OCEAN ("GREEN OCEAN SHARE(S)") INTO 1 GREEN OCEAN SHARE HELD AT 5.00 P.M. ON 26 OCTOBER 2023 ("ENTITLEMENT DATE") ("SHARE CONSOLIDATION") ("ADJUSTMENTS")
Pursuant to the Adjustments, (i) the existing exercise price of Warrants B of RM0.10 each will be revised to RM1.00 each; and (ii) the existing number of 621,430,198 Warrants B as at the Entitlement Date will be adjusted into 62,142,978 Warrants B which will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 27 October 2023, being the next market day following the Entitlement Date. Further, in accordance with the provisions of the Deed Poll B, the Adjustments will take effect from 27 October 2023. The notice to the holders of Warrants B (setting out the details of the Adjustments) will be despatched in due course. This announcement is dated 26 October 2023.