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Free detachable warrants 2021/ 2026 in Fast Energy Holdings Berhad ("Fast Energy") ("Warrant(s) A") issued pursuant to the renounceable rights issue of up to 909,204,618 new ordinary shares in Fast Energy ("Fast Energy Share(s)") ("Rights Share(s)") on the basis of 2 Rights Shares for every 1 existing Fast Energy Share held, together with 454,602,309 Warrants A on the basis of 1 Warrant A for every 2 Rights Shares subscribed for, as at 5.00 p.m. on Thursday, 18 November 2021 at an issue price of RM0.12 per Rights Share ("Rights Issue with Warrants")
Each Warrant A carries the entitlement to subscribe for 1 new Fast Energy Share at the exercise price of RM0.15 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 A are subject to the adjustments in accordance with the provisions of the deed poll dated 28 October 2021 constituting the Warrants A. Any Warrants A not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 16 December 2021.