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Amended Announcements Please refer to the earlier announcement reference number: LIP-23122020-00006
ADJUSTMENTS TO THE CONVERSION PRICE, CASH PAYMENT FOR CONVERSION AND NUMBER OF OUTSTANDING IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES OF FINTEC GLOBAL BERHAD ("FINTEC" OR THE "COMPANY") ("ICPS") PURSUANT TO THE CONSOLIDATION OF EVERY 30 EXISTING ORDINARY SHARES IN FINTEC ("FINTEC SHARES" OR "SHARES") INTO 1 FINTEC SHARE ("CONSOLIDATED SHARE") HELD AT 5.00 P.M. ON 8 MAY 2024 ("ENTITLEMENT DATE") ("SHARE CONSOLIDATION") ("ADJUSTMENTS")
Pursuant to the Adjustments, (i) the existing conversion price of ICPS of RM0.11 each will be revised to RM3.30 each; (ii) the existing cash payment for conversion of ICPS (based on the conversion mode of surrendering 1 ICPS with additional cash payment for 1 new Fintec Share) of RM0.03 will be revised to RM0.90 each; and (iii) the existing number of 218,370,885 ICPS as at the Entitlement Date will be adjusted into 7,278,682 Consolidated ICPS (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 9 May 2024, being the next market day following the Entitlement Date. Further, in accordance with the terms stated in the Constitution of the Company, the Adjustments will take effect from 9 May 2024. The notice to the holders of ICPS (setting out the details of the Adjustments) will be despatched in due course. This announcement is dated 8 May 2024.