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Amended Announcements Please refer to the earlier announcement reference number: LIP-05102020-00041
NON-COLLATERALISED EUROPEAN-STYLE CASH SETTLED CALL WARRANTS
Please note the Exercise Price and Exercise Ratio will not be adjusted pursuant to Free Warrants as it does not meet the below criteria; a. the Free Warrants are theoretically in-the-money as of the last market day on which the Shares are traded on a cum-entitlement basis (i.e. S is larger than R); and b. the adjustment would result in greater than or equal to two percent (2%) of the Exercise Price and Exercise Ratio being changed. 1. Adjusted Exercise Ratio = [(1 + (R/S) x M) / (1 + M)] x E 2. Adjusted Exercise Price = [(1 + (R/S) x M) / (1 + M)] x X Whereby in respect of this Condition 2.1.1(b)(i) and (ii), Part 1 of the Deed Poll dated 22 October 2019: R: RM4.3000, being the exercise price per Free Warrants S: RM4.1333, being the last traded price of the Shares on the last market day on which the Shares are traded on a cum-entitlement basis M: 0.2000, being the number of new Shares (whether a whole or a fraction) per existing Share that a Shareholder would be entitled to receive upon exercise of the Free Warrants X: RM3.6000, being the adjusted Exercise Price immediately pursuant to the Bonus Issue E: 5.0000, being the adjusted Exercise Ratio immediately pursuant to the Bonus Issue