We refer to the announcements dated 28 October 2022, 27 December 2022, 11 January 2023 and 2 February 2023 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 23 February 2023, resolved to approve the following:

    (i) Proposed Share Consolidation;

    (ii) Admission to the Official List of Bursa Securities and the listing and quotation of up to 71,966,819 Warrants C to be issued pursuant to the Proposed Rights Issue;

    (iii) Listing and quotation of:

             a) up to 89,958,524 new Rights Shares to be issued pursuant to the Proposed Rights Issue;

             b) up to 71,966,819 new DPS Shares to be issued pursuant to the exercise of Warrants C;

             c) up to 3,225,533 additional warrants 2015/2025 of DPS (“Warrants B”) to be issued resulting from the adjustments to the exercise price and number of outstanding Warrants B pursuant to the Proposed Share Consolidation and the Proposed Rights Issue (“Additional Warrants B”);

            d) up to 3,225,533 new DPS Shares to be issued arising from the exercise of Additional Warrants B; and

            e) such number of new DPS Shares, representing up to 15% of the total number of issued shares of DPS (excluding treasury shares), to be issued pursuant to the exercise of options under the Proposed ESOS.

The approval granted by Bursa Securities is subject to the following conditions: -

    (i) DPS and TA Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Share Consolidation, Proposed Rights Issue and the Proposed ESOS;

   (ii) TA Securities to inform Bursa Securities upon the completion of the Proposed Share Consolidation and Proposed Rights Issue;

  (iii) TA Securities to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Share  Consolidation, Proposed Rights Issue and the Proposed ESOS are completed;

  (iv) TA Securities to furnish Bursa Securities with a certified true copy of the resolution passed by shareholders at the extraordinary general meeting for the Proposed Share  Consolidation, Proposed Rights Issue and the Proposed ESOS;

  (v) TA Securities is required to make the relevant announcements pursuant to paragraphs 6.56(2)(ii) and (iii) and 13.20(2) of the Listing Requirements pursuant to the Proposed Share Consolidation;

 (vi) DPS and TA Securities must observe and ensure full compliance with paragraphs 6.50 and 8.02 of the Listing Requirements at all times;

(vii) TA Securities is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to paragraph 6.43(1) of the Listing Requirements and stating the effective date of implementation;

(viii) DPS to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the Proposed ESOS and/or the exercise of Warrants C and Additional Warrants B as at the end of each quarter together with a detailed computation of listing fees payable;

(ix) Payment of additional listing fees based on the market value of new shares to be listed, if applicable. In this respect, the Company is required to furnish Bursa Securities a cheque drawn to the order of Bursa Malaysia Securities Berhad for the outstanding listing fee together with a copy of the details of the computation of the fees payable; and

(x) DPS and TA Securities are required to provide a written confirmation that the terms of the Warrants C are in compliance with paragraphs 6.54(3) of the Listing Requirements.

This announcement is dated 24 February 2023.