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PCCS GROUP BERHAD ("PCCS" OR THE "COMPANY") ISSUANCE OF 90,017,957 FREE DETACHABLE WARRANTS ("WARRANTS") TO THE ENTITLED SHAREHOLDERS OF PCCS PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF 150,030,005 NEW ORDINARY SHARES IN PCCS ("PCCS SHARES") ("RIGHTS SHARES") ON THE BASIS OF 5 RIGHTS SHARES FOR EVERY 2 EXISTING PCCS SHARES HELD AS AT 5.00 P.M. ON 30 NOVEMBER 2017 AT AN ISSUE PRICE OF RM0.20 PER RIGHTS SHARE, TOGETHER WITH 90,017,957 WARRANTS ON THE BASIS OF 3 WARRANTS FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE OF SHARES WITH WARRANTS")
Each Warrant carries the entitlement to subscribe for 1 new ordinary shares in PCCS at the exercise price (as indicated above) and at any time during the exercise period (as indicated above) ("Exercise Period") subject to the adjustments in accordance with the provisions of the deed poll dated 27 October 2017, constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 2 January 2018.