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Free detachable warrants in Oriental Interest Berhad ("OIB") ("Warrant(s)") issued pursuant to the renounceable rights issue of 154,858,394 new ordinary shares in OIB ("OIB Share(s)" or "Share(s)") ("Rights Share(s)") on the basis of 1 Rights Share for every 1 existing OIB Share held as at 5.00 p.m. on Tuesday, 4 May 2021, together with 154,858,394 Warrants on the basis of 1 Warrant for every 1 Rights Share subscribed, at an issue price of RM0.68 per Rights Share ("Rights Issue with Warrants")
Unless otherwise stated, the definitions used herein shall have the same meaning as those defined in the Abridged Prospectus dated 4 May 2021 in relation to the Rights Issue with Warrants. Each Warrant carries the entitlement to subscribe for 1 new OIB Share at the exercise price of RM1.15 at any time during the exercise period of 5 years as indicated above ("Exercise Period"). The Warrants are subject to the adjustments in accordance with the provisions of the deed poll dated 19 April 2021 constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 1 June 2021.