Posted by icst1975 > 2022-09-19 18:15 | Report Abuse

The exercise price of the Warrants will be adjusted downwards from RM1.49 to RM1.42 per Warrant effective from 4 October 2022 pursuant to a fixed annual step-down of RM0.07 per year on each of the anniversary dates from the first issuance of the Warrants in accordance with the Deed Poll for Warrants dated 19 September 2017 ("Deed Poll"). The revised exercise price of RM1.49 per Warrant will be effective for a period of one year from 4 October 2022. The exercise price of the Warrants will be further adjusted downwards from RM1.42 to RM1.35per Warrant effective from 4 October 2023. The exercise price, at any time during the tenure of the Warrants, is subject to further adjustments in accordance with the provisions of the Deed Poll in the event of any alteration to the share capital of the Company.