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FREE DETACHABLE WARRANTS IN FOCUS DYNAMICS GROUP BERHAD ("FOCUS") ("WARRANTS D") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,044,266,157 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN FOCUS (''ICPS'') AT AN ISSUE PRICE OF RM0.055 PER ICPS TOGETHER WITH UP TO 3,066,399,235 FREE DETACHABLE WARRANTS D ON THE BASIS OF 2 ICPS TOGETHER WITH 3 FREE WARRANTS D FOR EVERY 6 EXISTING ORDINARY SHARES IN FOCUS HELD BY THE ENTITLED SHAREHOLDERS OF FOCUS AT 5.00 P.M. ON 4 NOVEMBER 2020 ("ENTITLED SHAREHOLDERS")
Each Warrant D carries the entitlement to subscribe for 1 new Share at the exercise price of RM0.80 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 D dated 19 October 2020. Any Warrant D 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 D falls on a non-market day, then it will fall on the preceding market day. This announcement is dated 2 December 2020.