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FREE WARRANTS ISSUE OF 118,517,279 FREE WARRANTS IN SERSOL BERHAD ("SERSOL") ("WARRANT(S)" OR "WARRANT(S) B") ON THE BASIS OF 1 WARRANT FOR EVERY 5 ORDINARY SHARES IN SERSOL HELD AT 5.00 P.M. ON 11 NOVEMBER 2022 ("FREE WARRANTS ISSUE")
Each Warrant carries the entitlement to subscribe for 1 new Sersol Share at the exercise price of RM0.10 at any time during the exercise period (as indicated above) ("Exercise Period"), subject to any adjustments that may be made from time to time in accordance with the provisions of the deed poll constituting the Warrants dated 27 October 2022. Any Warrant not exercised during the Exercise Period will thereafter lapse and cease to be valid and shall be cancelled and treated to have been cancelled forthwith. If the maturity date of the Warrants falls on a non-market day, then it will fall on the preceding market day. This announcement is dated 17 November 2022.