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.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....