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RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,515,037,240 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES ("ICPS") AT AN ISSUE PRICE OF RM0.08 PER ICPS ON THE BASIS OF EIGHT (8) ICPS FOR EVERY ONE (1) EXISTING ORDINARY SHARE IN ATTA GLOBAL GROUP BERHAD HELD AT 5.00 P.M. ON 6 NOVEMBER 2017 BASED ON A MINIMUM SUBSCRIPTION LEVEL OF 150,000,000 ICPS ("RIGHTS ISSUE OF ICPS")
A cumulative preference dividend rate of 40.0 sen per 100 ICPS per annum, if declared, shall be payable out of post taxation profits.
The dividend, if declared, shall be payable annually in arrears. No dividend shall be paid on the ordinary shares of the Company unless the dividends on the ICPS have first been paid and shall be in priority over the ordinary shares of the Company.
Based on the conversion price of RM0.80, the ICPS may be converted into new ATTA Shares in the following manner: (a) by surrendering for cancellation ten (10) ICPS to be converted into one (1) new ATTA Share; or (b) by surrendering for cancellation such number of ICPS with an aggregate value below the Conversion Price, subject to a minimum of one (1) ICPS, and paying the difference between the aggregate value of the ICPS surrendered and the Conversion Price in cash for one (1) new ATTA Share. Premised on the terms of the ICPS, subject to adjustments, the ICPS can be converted into new ATTA Shares on any market day commencing on and including the Issue Date of the ICPS up to and including the Maturity Date. Any ICPS that are not converted would be mandatorily converted into new ATTA Shares on the Maturity Date. Any fractional new ATTA Share arising from the mandatory conversion of the ICPS on the Maturity Date will be disregarded and will be dealt with by the Board as it may deem fit and expedient in the best interest of the Company. This announcement is dated 5 December 2017.