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Warrants issued pursuant to the Bonus Issue of Warrants
Listing Date
03/05/2012
Issue Date
24/04/2012
Issue/ Ask Price
Not Applicable
Issue Size Indicator
Unit
Issue Size in Unit
114,021,616
Maturity Date
23/04/2022
Revised Maturity Date
Exercise/ Conversion Period
10.00Year(s)
Revised Exercise/ Conversion Period
Exercise/Strike/Conversion Price
MYR 0.6000
Revised Exercise/Strike/Conversion Price
Exercise/ Conversion Ratio
1 Warrant : 1 Meda 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 Meda Inc Berhad ("Meda") on the basis of one (1) free Warrant for every four (4) existing ordinary shares of RM0.50 each in Meda ("Meda Share(s)") held at 5.00 p.m. on 20 April 2012.
Each Warrant carries the entitlement to subscribe for one (1) new Meda Share at the exercise price of RM0.60 per Meda Share at a step-up mechanism whereby the exercise price of the Warrants will be adjusted upwards by RM0.10 at the expiry of every two (2) anniversary years from the date of issuance 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 23 March 2012, constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.
