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Adjustment to Warrants 2019/2024 ("REVENUE Warrants") issued pursuant to a bonus issue
The REVENUE Warrants may be exercised any time during the tenure of the REVENUE Warrants and ending at 5:00 p.m. on the Expiry Date (being a date 5 years from and including the date of issue of the REVENUE Warrants, provided that if such day falls on a day which is not a market day, then on the preceding market day.) Each REVENUE Warrant carries the entitlement to subscribe for 1 new ordinary share in Revenue Group Berhad ("REVENUE") at the Exercise price which shall be satisfied fully in cash and shall be subject to adjustments in accordance with the Deed Poll. 74,274,056 new additional REVENUE Warrants will be issued resulting from the Bonus Issue of Revenue announced on 22 October 2019. Subject to the provision of the Deed Poll, the Exercise Price and the number of REVENUE Warrants held by each REVENUE Warrant holder shall be adjusted by REVENUE in consultation with the adviser and certification of the external auditors, in the event of alteration to the share capital of REVENUE. This announcement is dated 23 December 2019.