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Renounceable rights issue of up to 2,853,777,024 new ordinary shares in Malaysian Resources Corporation Berhad ("MRCB") ("MRCB Shares") ("Rights Shares") at an issue price of RM0.79 per Rights Share, together with up to 570,755,405 free detachable warrants ("Rights Warrants"), on the basis of one (1) Rights Share for every one (1) existing MRCB Share held by the entitled shareholders as at 5.00 p.m. on 4 October 2017 and one (1) free Rights Warrant for every five (5) Rights Shares subscribed for ("Rights Issue")
Each Rights Warrant entitles the registered holder to subscribe for one (1) new MRCB Share at any time during the ten (10) years period commencing on and including 30 October 2017, to the close of business at 5.00 p.m. on 29 October 2027 ("Exercise Period") at RM1.25 per new MRCB Share subject to adjustments in accordance with the provisions of the deed poll dated 19 September 2017 constituting the Rights Warrants. Any Rights Warrants not exercised during the Exercise Period shall thereafter lapse and cease to be valid for any purpose. This announcement is dated 2 November 2017.