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Free warrants issue of 62,391,724 warrants in Central Global Berhad ("CGB" or "Company") ("Warrant(s)") on the basis of 1 Warrant for every 2 existing ordinary shares in CGB held at 5:00 p.m. on 22 July 2022 ("Free Warrants Issue").
Each Warrant entitles the warrantholder to subscribe for one (1) new ordinary share in CGB at the exercise price of RM0.80 per Warrant and at any time during the exercise period (as indicated above) ("Exercise Period"), subject to the provisions of the deed poll governing the Warrants dated 5 July 2022. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid and exercisable. If the maturity date / expiry date of the Warrants falls on a non-market day, then it shall be the market day immediately preceding the said non-market day. This announcement is dated 28 July 2022.