Contact us
Free detachable warrants 2023/2028 in One Glove Group Berhad ("One Glove") ("Warrant(s)") issued pursuant to the renounceable rights issue of 142,000,000 new ordinary shares in One Glove ("One Glove Share(s)") ("Rights Share(s)") at the issue price of RM0.22 per Rights Share, on the basis of 1 Rights Share for every 2 existing One Glove Shares held, together with 71,000,000 Warrants on the basis of 1 Warrant for every 2 Rights Shares subscribed for, as at 5.00 p.m. on Wednesday, 28 June 2023 ("Rights Issue with Warrants")
Each Warrant carries the entitlement to subscribe for 1 new One Glove Share at the exercise price of RM0.22 and at any time during the exercise period of 5 years as indicated above ("Exercise Period") commencing from and including the issue date and ending at 5.00 p.m. on the maturity date (provided that if such a day is not a market day, then it shall be the market day immediately preceding the said non-market day). The Warrants are subject to the adjustments in accordance with the provisions of the deed poll dated 14 June 2023 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 27 July 2023.