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Amended Announcements Please refer to the earlier announcement reference number: LIP-04042016-00001
Adjustments to the exercise price and number of outstanding warrants 2016/2021 ("Warrants-A") pursuant to the renounceable rights issue of up to 412,087,515 new ordinary shares in Dolphin International Berhad ("Dolphin Shares") ("Rights Shares") together with up to 247,252,509 free detachable warrants ("Warrants-B") at an issue price of RM0.06 per Rights Share on the basis of 5 Rights Shares for every 4 existing Dolphin Shares held by the entitled shareholders at 5:00 p.m. on 24 July 2020 ("Entitlement Date") together with 3 Warrants-B for every 5 Rights Shares subscribed ("Adjustments")
Pursuant to the Adjustments, (i) the existing number of 55,500,002 Warrants-A will be adjusted into 70,423,656 Warrants-A, whereby the additional 14,923,654 Warrants-A will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 1 October 2020; and (ii) the existing exercise price of Warrants-A will be revised from RM0.80 to RM0.63. Further, in accordance with the provisions of the deed poll dated 10 March 2016, the Adjustments took effect on 27 July 2020, being the next market day following the Entitlement Date. The notice to the holders of Warrants-A (setting out the details of the Adjustments) were despatched on 30 September 2020. This announcement is dated 30 September 2020.