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Adjustment to the exercise price and number of outstanding warrants 2017/ 2024 in Bahvest Resources Berhad ("BAHVEST" or "Company") constituted by the deed poll dated 2 August 2017 pursuant to the bonus issue of 610,738,330 new shares in BAHVEST ("Share(s)") ("Bonus Share(s)") on the basis of 1 Bonus Share for every 1 existing Share held on 10 December 2018 ("Bonus Issue")
The exercise price of the warrants 2017/ 2024 in BAHVEST ("Warrant(s) ") will be revised from RM0.87 to RM0.43 per Warrant, and an additional 299,997,878 Warrants will be issued pursuant to the adjustment in consequence to the Bonus Issue, and in accordance with the Company's deed poll dated 2 August 2017, constituting the Warrants. The said adjustment to the exercise price and number of outstanding Warrants shall take effect on 11 December 2018, being the next market day immediately after the entitlement date of 10 December 2018 for the Bonus Issue. The notice to Warrant holders setting out the details of the adjustments and the notice of allotment of the additional Warrants will be despatched in due course. This announcement is dated 10 December 2018.