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NEXGRAM HOLDINGS BERHAD ("NEXGRAM") BONUS ISSUE OF 882,847,640 WARRANTS ("WARRANTS D") ON THE BASIS OF 1 NEW WARRANT D FOR EVERY 5 EXISTING ORDINARY SHARES IN NEXGRAM ("SHARES") HELD BY THE ENTITLED SHAREHOLDERS OF NEXGRAM AS AT 5.00 P.M. ON 25 FEBRUARY 2022 ("BONUS ISSUE OF WARRANTS")
Each Warrant D carries the entitlement to subscribe for 1 new Share 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 11 February 2022 constituting the Warrants D. Any Warrants D not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 9 March 2022.