Contact us
FREE DETACHABLE WARRANTS IN BINA PURI HOLDINGS BHD ("BINA PURI") ("WARRANTS") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 439,345,450 NEW ORDINARY SHARES IN BINA PURI ("BINA PURI SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.09 PER RIGHTS SHARE TOGETHER WITH UP TO 439,345,450 FREE DETACHABLE WARRANTS ON THE BASIS OF 1 RIGHTS SHARE TOGETHER WITH 1 FREE WARRANT FOR EVERY 1 EXISTING BINA PURI SHARE HELD BY THE ENTITLED SHAREHOLDERS OF BINA PURI AT 5.00 P.M. ON 28 NOVEMBER 2019 ("ENTITLED SHAREHOLDERS")
Each Warrant carries the entitlement to subscribe for 1 new Bina Puri Share at the exercise price of RM0.10 at any time during the exercise period (as indicated above) ("Exercise Period"), subject to any adjustments that may be made from time to time in accordance with the provisions of the deed poll constituting the Warrants dated 11 November 2019. Any Warrant not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose and shall be cancelled and treated to have been cancelled forthwith. If the maturity date of the Warrants falls on a non-market day, then it will fall on the preceding market day. This announcement is dated 27 December 2019.