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Warrants issued pursuant to the Bonus Issue of Warrants
Listing Date
08/10/2013
Issue Date
03/10/2013
Issue/ Ask Price
Not Applicable
Issue Size Indicator
Unit
Issue Size in Unit
242,000,000
Maturity Date
02/10/2016
Revised Maturity Date
Exercise/ Conversion Period
3.00Year(s)
Revised Exercise/ Conversion Period
Exercise/Strike/Conversion Price
MYR 0.4000
Revised Exercise/Strike/Conversion Price
Exercise/ Conversion Ratio
1 Warrant : 1 Destini Share
Revised Exercise/ Conversion Ratio
Mode of satisfaction of Exercise/ Conversion price
Cash
Settlement Type/ Convertible into
Physical (Shares)
Remarks :
The Warrants are issued to the entitled shareholders of Destini Berhad ("Destini") on the basis of two (2) free Warrants for every three (3) existing ordinary shares of RM0.10 each in Destini ("Destini Share(s)") held at 5.00 p.m. on 30 September 2013.
Each Warrant carries the entitlement to subscribe for one (1) new Destini Share at the exercise price of RM0.40 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 13 September 2013, constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.
