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Amended Announcements Please refer to the earlier announcement reference number: LIP-17022020-00001
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2020 / 2028 OF ICON OFFSHORE BERHAD ("ICON" OR THE "COMPANY") ("WARRANTS A") IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 9 JANUARY 2020 CONSTITUTING THE WARRANTS A ("DEED POLL A") PURSUANT TO THE CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN ICON ("ICON SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 28 MARCH 2023 ("ENTITLEMENT DATE") INTO 1 ICON SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") ("ADJUSTMENTS")
Pursuant to the Adjustments, (i) the existing number of 654,513,210 Warrants A as at the Entitlement Date will be adjusted into 130,902,600 Warrants A (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 29 November 2023; and (ii) the existing exercise price of Warrants A will be revised from RM0.165 to RM0.825 each. Further, in accordance with the provisions of the Deed Poll A, the Adjustments will take effect from 5.00 p.m. on 28 November 2023. The notice to the holders of Warrants A (setting out the details of the Adjustments) will be despatched in due course. This announcement is dated 28 November 2023.