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Amended Announcements Please refer to the earlier announcement reference number: OI-091110-38209
Adjustments to the exercise price and number of outstanding warrants 2009/2019 ("Warrant(s) A") issued by Hubline Berhad ("Hubline") constituted by the deed poll dated 28 September 2009 and all supplemental deed poll executed thereon which governs the terms and conditions of Warrants A ("Deed Poll 2009") pursuant to the renounceable rights issue of 6,482,268,188 new ordinary shares of RM0.01 each in Hubline ("Hubline Share(s)") ("Rights Share(s)") at an issue price of RM0.01 per Rights Share on the basis of two (2) Rights Shares for every one (1) existing Hubline Share held as at 5.00 p.m. on 26 November 2015, together with 1,620,567,045 free detachable new warrants ("Warrant(s) B"), on the basis of one (1) Warrant B for every four (4) Rights Shares subscribed ("Rights Issue") ("Adjustments")
We refer to the previous announcements made in relation to the Rights Issue. In accordance with Condition 3A(iv) and (v) of the Third Schedule and Paragraph 1(E) in the Fourth Schedule of the Deed Poll 2009, the Adjustments will be effective from 27 November 2015, being the next market day following the Entitlement Date for the Rights Issue ("Effective Date"). Notwithstanding the Effective Date, the holders of Warrants A ("Warrant A Holders") can only exercise the additional Warrants A arising from the Adjustments ("Adjustment Warrant(s) A") after the Adjustment Warrants A are listed and quoted on the Main Market of Bursa Malaysia Securities Berhad simultaneously with the Rights Shares and Warrants B on 29 December 2015. The notice to Warrant A Holders containing details of the Adjustments has been despatched to the Warrant A Holders on 23 December 2015. As at 28 December 2015, there are 1,874,480,280 outstanding Warrants A that have yet to be exercised. This announcement is dated 28 December 2015.