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Free Warrants issued pursuant to the bonus issue of 55,323,468 new ordinary shares in Hil Industries Berhad ("HIL") ("HIL Share(s)") ("Bonus Share(s)") to be credited as fully paid-up, together with 55,323,468 free detachable warrants ("Warrant(s)"), on the basis of one (1) Bonus Share together with one (1) Warrant for every five (5) existing HIL Shares held as at 5.00 p.m. on 20 October 2017
Each Warrant carries the entitlement to subscribe for one (1) HIL Share at the exercise price of RM1.08 per Warrant at any time during the exercise period of ten (10) years as indicated above ("Exercise Period"). The Warrants are subject to the adjustments in accordance with the provisions of the deed poll dated 9 October 2017 constituting the Warrants. Any Warrants that are not exercised during the Exercise Period will thereafter lapse and cease to be valid. This announcement is dated 31 October 2017.