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Amended Announcements Please refer to the earlier announcement reference number: LIP-02092022-00001
Adjustments to the number and exercise price of outstanding warrants 2022/2025 (“Warrants”) as specified in the deed poll constituting the Warrants dated 18 August 2022 (“Deed Poll”), as a consequence of the bonus issue of 3,093,266,977 new ordinary shares in Tanco Holdings Berhad (“Tanco Shares”) (“Bonus Shares”) on the basis of 7 Bonus Shares for every 5 existing Tanco Shares held at 5.00 p.m. on 7 April 2025 (“Bonus Issue”) (“Adjustments”)
Pursuant to the Adjustments, (i) 757,964,120 additional Warrants have been issued and will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad (after disregarding the fractional entitlements); and (ii) the exercise price of the Warrants will be adjusted from RM0.31 to RM0.13. In accordance with the provisions of the Deed Poll, the Adjustments shall take effect on 8 April 2025, being the next market day following the books closure date of the Bonus Issue of 7 April 2025. The notice to the holders of Warrants (setting out the details of the Adjustments) will be despatched in due course. This announcement is dated 7 April 2025.