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Issuance of free detachable warrants in Pegasus Heights Berhad ("Pegasus") ("Warrants") pursuant to the renounceable rights issue of up to 5,990,975,598 ordinary shares in Pegasus ("Pegasus Shares") ("Rights Shares") together with up to 3,993,983,732 Warrants at an issue price of RM0.01 per Rights Share on the basis of 3 Rights Shares and 2 Warrants for every 1 existing Pegasus Share held by the entitled shareholders at 5.00 p.m. on 24 May 2019
Each Warrant entitles the Warrant holder to subscribe for 1 new Pegasus Share at any time during the exercise period as indicated above ("Exercise Period") at the exercise price of RM0.01, subject to adjustments in accordance with the provisions of the deed poll dated 7 May 2019. Any Warrant which is not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 25 June 2019.