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ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2023/2028 OF BINA PURI HOLDINGS BHD ("BINA PURI" OR THE "COMPANY") ("WARRANTS B") AS SPECIFIED IN THE DEED POLL DATED 2 MARCH 2023 ("DEED POLL B") PURSUANT TO THE CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN BINA PURI ("BINA PURI SHARES" OR "SHARES") INTO 1 BINA PURI SHARE ("CONSOLIDATED SHARE") HELD AT 5.00 P.M. ON 9 MAY 2024 ("ENTITLEMENT DATE") ("SHARE CONSOLIDATION") ("ADJUSTMENTS")
Pursuant to the Adjustments, (i) the existing exercise price of Warrants B of RM0.04 each will be revised to RM0.20 each; and (ii) the existing number of 258,554,471 Warrants B as at the Entitlement Date will be adjusted into 51,710,832 Consolidated Warrants B (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 10 May 2024, being the next market day following the Entitlement Date. Further, in accordance with the provisions of the Deed Poll B, the Adjustments will take effect from 10 May 2024. The notice to the holders of Warrants B (setting out the details of the Adjustments) will be despatched in due course. This announcement is dated 9 May 2024.