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Issuance of free detachable warrants ("Warrants") pursuant to the renounceable rights issue of 133,333,131 new ordinary shares of RM0.05 each in Bioalpha ("Bioalpha Shares") ("Rights Shares") at an issue price of RM0.20 per Rights Share on the basis of 1 Rights Share for every 5 existing Bioalpha Shares held at 5.00 p.m. on 8 December 2016, together with 133,333,131 Warrants on the basis of 1 Warrant for every 1 Rights Share subscribed.
133,333,131 Warrants were issued on 6 January 2017 on the basis of 1 Warrant for every 1 Rights Share subscribed. The listing date of the Warrants is on 10 January 2017. Each Warrant carries the entitlement to subscribe for one (1) new Bioalpha Share at the exercise price (of RM0.22 per Warrant) 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 23 November 2016, constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 9 January 2017.