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ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2019/2026 IN VANTRIS ENERGY BERHAD ("VANTRIS ENERGY" OR "COMPANY") AS CONSTITUTED BY THE DEED POLL DATED 06 DECEMBER 2018 ("DEED POLL A") ("VANTRIS ENERGY WARRANT(S) A" OR "WARRANT(S) A") PURSUANT TO THE CONSOLIDATION OF EVERY 20 EXISTING ORDINARY SHARES IN VANTRIS ENERGY ("SHARE(S)") HELD AT 5.00 P.M. ON 22 AUGUST 2025 ("ENTITLEMENT DATE") INTO 1 SHARE
Pursuant to the Adjustments, (i) the existing exercise price of Warrants A of RM0.49 each will be revised to RM9.80 each; and (ii) the existing number of 998,692,020 Warrants A as at the Entitlement Date will be adjusted into 49,934,123 Warrants A (after disregarding the fractional entitlements arising from the Adjustments) which will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 25 August 2025, being the next market day following the Entitlement Date. Further, in accordance with the provisions of the Deed Poll A, the Adjustments will take effect from 25 August 2025. The notice to the holders of Warrants A (setting out the details of the Adjustments) will be despatched in due course. This announcement is dated 22 August 2025.