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Amended Announcements Please refer to the earlier announcement reference number: LIP-21102021-00009
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2021/2026 OF FBG HOLDINGS BERHAD (FORMERLY KNOWN AS FAJARBARU BUILDER GROUP BHD) ("FBG" OR THE "COMPANY") ("WARRANT(S) C") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 8 SEPTEMBER 2021 CONSTITUTING THE WARRANTS C ("DEED POLL C") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 836,621,880 NEW ORDINARY SHARES IN FBG ("FBG SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT THE ISSUE PRICE OF RM0.18 PER RIGHTS SHARE, ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 4 EXISTING FBG SHARES HELD, TOGETHER WITH UP TO 278,873,960 FREE DETACHABLE WARRANTS IN FBG ("WARRANT(S) D") ON THE BASIS OF 1 WARRANT D FOR EVERY 3 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE WITH WARRANTS")
Pursuant to the Rights Issue with Warrants:- (i) the existing number of 370,806,692 Warrants C will be adjusted to 394,315,389 Warrants C, whereby the additional 23,508,697 Warrants C ("Additional Warrants C") has been allotted and issued on 5 December 2025 to the entitled holders of Warrants C whose names appear on the Record of Depositors of FBG at 5.00 p.m. on 11 November 2025. The Additional Warrants C will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 10 December 2025 simultaneously with the Rights Shares and Warrants D; and (ii) the existing exercise price of the Warrants C will be revised from RM0.43 per FBG Share to RM0.40 per FBG Share. The Additional Warrants C were issued based on the entitlement ratio of 0.0634:1.0000 (Additional Warrants C: number of outstanding Warrants C held as at the Entitlement Date) and after disregarding fractional entitlements. This announcement is dated 9 December 2025.