Contact us
Amended Announcements Please refer to the earlier announcement reference number: LIP-09072020-00001
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS-B AS SPECIFIED IN THE DEED POLL CONSTITUTING THE WARRANTS B PURSUANT TO THE CONSOLIDATION OF EVERY 30 EXISTING ORDINARY SHARES IN VSOLAR ("VSOLAR SHARES" OR "SHARES") HELD AS AT 5.00 P.M. ON 23 MAY 2023 INTO 1 SHARE
Pursuant to the Adjustments, (i) the existing exercise price of Warrants B of RM0.03 each will be revised to RM0.90 each; and (ii) the existing number of 821,461,526 Warrants B as at the Entitlement Date will be adjusted into 27,381,009 Warrants B (after disregarding the fractional entitlements arising from the Adjustments) which will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad on 24 May 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 24 May 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 23 May 2023.