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FREE DETACHABLE WARRANTS IN PDZ HOLDINGS BHD ("PDZ") ("WARRANTS") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 434,660,640 NEW ORDINARY SHARES IN PDZ ("PDZ SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE TOGETHER WITH UP TO 325,995,480 FREE DETACHABLE WARRANTS ON THE BASIS OF 4 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS FOR EVERY 2 EXISTING PDZ SHARES HELD BY THE ENTITLED SHAREHOLDERS OF PDZ AT 5.00 P.M. ON 5 JANUARY 2018 ("ENTITLED SHAREHOLDERS")
Each Warrant carries the entitlement to subscribe for 1 new PDZ 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 19 December 2017. 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 6 February 2018.