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Amended Announcements Please refer to the earlier announcement reference number: LIP-06032024-00001
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2021/2026 OF FAST ENERGY HOLDINGS BERHAD ("FEHB" OR THE "COMPANY") ("WARRANT(S) A") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 28 OCTOBER 2021 CONSTITUTING THE WARRANTS A ("DEED POLL A") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 242,192,937 NEW ORDINARY SHARES IN FEHB ("FEHB SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT THE ISSUE PRICE OF RM0.09 PER RIGHTS SHARE, ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING FEHB SHARE HELD, TOGETHER WITH UP TO 121,096,468 FREE DETACHABLE WARRANTS IN FEHB ("WARRANT(S) B") ON THE BASIS OF 1 WARRANT B FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR, AS AT 5.00 P.M. ON WEDNESDAY, 31 JANUARY 2024 ("RIGHTS ISSUE WITH WARRANTS") ("ADJUSTMENTS")
Pursuant to the Adjustments, (i) the existing number of 14,532,219 Warrants A will be adjusted to 18,165,135 Warrants A, whereby the additional 3,632,916 Warrants A ("Additional Warrants A") has been allotted and issued on 4 March 2024 to the entitled holders of Warrants A whose names appear on the Record of Depositors of FEHB at 5.00 p.m. on 31 January 2024. The Additional Warrants A will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 7 March 2024 simultaneously with the Rights Shares and Warrants B; and (ii) the existing exercise price of the Warrants A will be revised from RM0.90 per FEHB Share to RM0.72 per FEHB Share. The additional Warrants A were issued based on the entitlement ratio of 0.25:1.00 (Additional Warrants A: number of outstanding Warrants A held as at the Entitlement Date) and after disregarding fractional entitlements. This announcement is dated 7 March 2024.