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Warrants in JAKS Resources Berhad ("JRB") ("Warrant(s)") issued pursuant to the renounceable rights issue of 102,428,430 Warrants on the basis of 1 Warrant for every 2 existing ordinary shares in JRB held as at 5.00 p.m. on Wednesday, 21 November 2018 at an issue price of RM0.25 per Warrant ("Rights Issue of Warrants")
Each Warrant carries the entitlement to subscribe for 1 new JRB Share at the exercise price of RM0.64 and at any time during the exercise period of 5 years as indicated above ("Exercise Period") commencing from and including the issue date and ending at 5.00 p.m. on the expiry date (provided that if such a day is not a market day, then it shall be the market day immediately preceding the said non-market day). The Warrants are subject to the adjustments in accordance with the provisions of the deed poll dated 5 November 2018 constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 19 December 2018.