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Amended Announcements Please refer to the earlier announcement reference number: LIP-22052017-00013
Warrants issued pursuant to the Bonus Issue of Warrants
The Warrants are issued to the entitled shareholders of Meda Inc Berhad ("Meda") on the basis of one (1) free Warrant for every four (4) existing ordinary shares of RM0.50 each in Meda ("Meda Share(s)") held at 5.00 p.m. on 20 April 2012. Each Warrant carries the entitlement to subscribe for one (1) new Meda Share at the exercise price of RM0.60 per Meda Share at a step-up mechanism whereby the exercise price of the Warrants will be adjusted upwards by RM0.10 at the expiry of every two (2) anniversary years from the date of issuance and at any time during the exercise period as indicated above ("Exercise Period"), subject to the adjustments in accordance with the provisions of the deed poll dated 23 March 2012, constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. In view of the step up mechanism for the exercise price of the warrants, the exercise price from 24 April 2014 to 23 April 2016 will be RM0.70.