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FREE DETACHABLE WARRANTS IN MTOUCHE TECHNOLOGY BERHAD ("MTOUCHE" OR THE "COMPANY") ("WARRANTS D") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 794,374,098 NEW ORDINARY SHARES IN MTOUCHE ("MTOUCHE SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE TOGETHER WITH UP TO 397,187,049 WARRANTS D ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS D FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 5 MAY 2021
Each Warrant D carries the entitlement to subscribe for 1 new 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 D dated 19 April 2021. 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 9 June 2021.