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Issuance of free detachable warrants in Niche Capital Emas Holdings Berhad ("NICE") ("Warrants") pursuant to the renounceable rights issue of up to 1,665,189,250 new ordinary shares in NICE ("NICE Shares") ("Rights Shares") on the basis of 5 Rights Shares for every 1 existing NICE Share held by the entitled shareholders as at 5.00 p.m. on Thursday, 27 December 2018, together with up to 999,113,550 Warrants on the basis of 3 Warrants for every 5 Rights Shares subscribed for at an issue price of RM0.045 per Rights Share
Each Warrant entitles the Warrant holder to subscribe for 1 new NICE Share at any time during the exercise period as indicated above ("Exercise Period") at the exercise price of RM0.06, subject to adjustments in accordance with the provisions of the deed poll dated 10 December 2018. Any Warrants which are not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 25 January 2019.