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DPS RESOURCES BERHAD ("DPS" OR "COMPANY") ISSUANCE OF FREE DETACHABLE WARRANTS C IN DPS ("WARRANTS C") TO THE ENTITLED SHAREHOLDERS OF DPS PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 89,958,521 NEW ORDINARY SHARES IN DPS ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 SHARES HELD AS AT 5.00 P.M. ON 9 NOVEMBER 2023 AT AN ISSUE PRICE OF RM0.55 PER RIGHTS SHARE, TOGETHER WITH UP TO 71,966,816 FREE WARRANTS C ON THE BASIS OF 4 WARRANTS C FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")
Each Warrant C carries the entitlement to subscribe for 1 new Share at the exercise price (as set out above) and at any time during the exercise period (as set out above) ("Exercise Period") subject to the adjustments in accordance with the provisions of the deed poll C dated 24 October 2023 constituting the Warrants C. Any Warrants C not exercised during the Exercise Period will thereafter lapse and cease to be valid. If the maturity date of the Warrants C falls on a non-market day, then it will fall on the preceding market day. This announcement is dated 8 December 2023.