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Amended AnnouncementsPlease refer to the earlier announcement reference number: LIP-17012019-00001
ADJUSTMENT TO THE CONVERSION PRICE OF OUTSTANDING IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN ARB BERHAD ("ARB" OR THE "COMPANY") ("ICPS") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,075,350,500 NEW ORDINARY SHARES IN THE COMPANY ("ARB SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.12 PER RIGHTS SHARE ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 19 JANUARY 2022 (ENTITLEMENT DATE) ("RIGHTS ISSUE") ("ADJUSTMENT")
Pursuant to the Adjustment, the conversion price of the ICPS will be revised from RM0.20 to RM0.14. The Adjustment shall take effect on 20 January 2022, being the next market day immediately after the Entitlement Date. The notice to the holders of ICPS in relation to the Adjustment will be despatched in due course. This announcement is dated 20 January 2022.