News

(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 27 April 2016 in relation to the Proposed Par Value Reduction, unless stated otherwise or defined herein.)

On behalf of the Board of Directors of XDL, Mercury Securities Sdn Bhd wishes to announce that following the approval of the Proposed Par Value Reduction by shareholders of the Company on 16 June 2016, the aforementioned par value reduction takes effect on 23 June 2016, being the Par Value Reduction Effective Date. As such, the Proposed Par Value Reduction is deemed completed on 23 June 2016.

Pursuant to the Par Value Reduction, the exercise price of the Warrants B will be adjusted from RM0.18 to RM0.06 and the exercise price of the Warrants C will be adjusted from RM0.115 to RM0.04, payable with effect from 9.00 a.m. on 24 June 2016.

Notifications to the holders of Warrants B and Warrants C setting out the details of such adjustment will be despatched in due course.

This announcement is dated 23 June 2016.