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DIGISTAR CORPORATION BERHAD ("DIGISTAR" OR THE "COMPANY") FREE DETACHABLE WARRANTS IN DIGISTAR ("WARRANT(S) C") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF 260,384,403 NEW ORDINARY SHARES IN DIGISTAR ("DIGISTAR SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 3 EXISTING DIGISTAR SHARES HELD TOGETHER WITH 260,384,403 WARRANTS C ON THE BASIS OF 1 WARRANT C FOR EVERY 1 RIGHTS SHARE SUBSCRIBED BY THE ENTITLED SHAREHOLDERS, AS AT 5.00 P.M. ON MONDAY, 3 MAY 2021 AT AN ISSUE PRICE OF RM0.05 PER RIGHTS SHARE ("RIGHTS ISSUE WITH FREE WARRANTS")
Each Warrant C carries the entitlement to subscribe for 1 new Digistar Share at the exercise price of RM0.10 and at any time during the exercise period of 5 years as indicated above ("Exercise Period") commencing from and including the issue date and ending at 5.00 p.m. on the expiry date (provided that if such a day is not a market day, then it shall be the market day immediately preceding the said non-market day). The Warrants C are subject to the adjustments in accordance with the provisions of the deed poll dated 16 April 2021 constituting the Warrants C. Any Warrants C not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 31 May 2021.