Contact us
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2021/2026 IN OMESTI BERHAD ("OMESTI") AS CONSTITUTED BY THE DEED POLL DATED 16 FEBRUARY 2021 ("WARRANTS C") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 789,036,071 NEW ORDINARY SHARES IN OMESTI ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 10 OCTOBER 2025 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE, TOGETHER WITH UP TO 315,614,428 FREE DETACHABLE WARRANTS ("WARRANTS D") ON THE BASIS OF 2 WARRANTS D FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE") ("ADJUSTMENTS")
Pursuant to the Adjustments: (i) the existing number of 248,362,936 outstanding Warrants C as at the Entitlement Date will be adjusted into 279,011,983 Warrants C (after disregarding the fractional entitlements arising from the Adjustments), whereby the additional 30,649,047 Warrants C will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 11 November 2025; and (ii) the exercise price of the Warrant C of RM0.50 each will be revised to RM0.45 each. The additional Warrants C arising from the Adjustments were issued based on the entitlement ratio of 0.1234 : 1.0000 (additional Warrants C : existing number of outstanding Warrants C as at the Entitlement Date). The notice setting out the details of the Adjustments has been issued and despatched to entitled Warrants C holders on 7 November 2025. This announcement is dated 10 November 2025.