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1 comment(s). Last comment by firehawk 2023-02-18 01:15

firehawk

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Posted by firehawk > 2023-02-18 01:15 | Report Abuse

Pursuant to the Share Consolidation, the exercise price and the number of outstanding Warrants B which are not exercised prior to the Entitlement Date will be adjusted in accordance with the provisions of the Deed Poll B (Adjustments).

The outstanding Warrants B will be adjusted on the basis of every 5 Warrants B held by the entitled Warrants B holders (whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date) (Entitled Warrants B Holders) into 1 Warrant B (Consolidated Warrants B).

Pursuant to the Adjustments, the existing number of 61,839,915 outstanding Warrants B will be adjusted into a maximum number of [12,367,983] Consolidated Warrants B to be issued and allotted to the Entitled Warrants B Holders. The actual number of Consolidated Warrants B to be issued and allotted would depend on the number of outstanding Warrants B which have yet to be exercised into new Citaglobal Shares as at the Entitlement Date.

Further, pursuant to the Adjustments, the exercise price of the Warrants B will be adjusted from the existing price of RM0.16 each to RM0.80 each.

The Consolidated Warrants B will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities) on 6 March 2023, being the next market day following the Entitlement Date.

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