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Amended Announcements Please refer to the earlier announcement reference number: OS-110222-60460
Sterling Progress Berhad ("SPB" or the "Company") Adjustments to the exercise price and the number of outstanding warrants 2011/2021 of the Company constituted by the deed poll dated 6 January 2011 ("Deed Poll") ("Outstanding Warrants 2011/2021") pursuant to the share consolidation of every four (4) ordinary shares of RM0.025 each in SPB into one (1) new ordinary share of RM0.100 each in SPB at 5.00 P.M. on 8 February 2017 ("Share Consolidation")
Pursuant to the Share Consolidation, details of which are set out in the announcement dated 8 September 2016, the exercise price of the Outstanding Warrants 2011/2021 will be revised from RM0.12 to RM0.48 each while the 78,754,500 Consolidated Warrants will be listed and quoted on the ACE Market of Bursa Securities on 10 February 2017 (collectively referred to as the "Adjustments"). The Adjustments will take effect on 13 February 2017, being the next market day following the listing date for the Share Consolidation, in accordance with the Deed Poll. The notice to the holders of the Outstanding Warrants 2011/2021 containing details of the Adjustments will be despatched to the holders of the Outstanding Warrants 2011/2021 in due course. This announcement is dated 8 February 2017.