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RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,008,150,000 IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES ("ICPS") ON THE BASIS OF 15 ICPS FOR EVERY 1 EXISTING ORDINARY SHARE IN ATURMAJU RESOURCES BERHAD ("ARB SHARE" OR "SHARE") HELD BY THE ENTITLED SHAREHOLDERS AS AT 5.00 P.M. ON WEDNESDAY, 19 DECEMBER 2018 AT AN ISSUE PRICE OF RM0.01 PER ICPS
The ICPS can be converted into new Shares at the conversion price of RM0.20 ("Conversion Price") in the following manner: (a) by surrendering of such number of ICPS with an aggregate value equal to the Conversion Price to be converted for 1 new Share; or (b) a combination of such number of ICPS and cash with an aggregate value equal to the Conversion Price, subject to a minimum of 1 ICPS, and paying the difference between the aggregate value of the ICPS surrendered and the Conversion Price in cash for 1 new Share. The ICPS may be converted into new Shares on any market day commencing on and including the issue date of the ICPS up to and including the maturity date. Any remaining ICPS that are not converted by the maturity date shall be automatically converted into new Shares at the Conversion Price or conversion ratio. If the conversion results in a fractional entitlement to ARB Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of the ICPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement. This announcement is dated 17 January 2019.