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FREE DETACHABLE WARRANTS 2021/2026 IN FAJARBARU BUILDER GROUP BHD ("FBG") ("WARRANT(S)") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 373,882,456 NEW ORDINARY SHARES IN FBG ("FBG SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING FBG SHARE HELD AS AT 5.00 P.M. ON THURSDAY, 23 SEPTEMBER 2021, TOGETHER WITH UP TO 373,882,456 WARRANTS ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR ("RIGHTS ISSUE WITH WARRANTS")
Each Warrant carries the entitlement to subscribe for 1 new FBG Share at the exercise price of RM0.43 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 Maturity 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 are subject to the adjustments in accordance with the provisions of the deed poll dated 8 September 2021 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 22 October 2021.