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CLASSITA HOLDINGS BERHAD (FORMERLY KNOWN AS "CAELY HOLDINGS BHD") ("CLASSITA") ISSUANCE OF FREE DETACHABLE WARRANTS 2023/2028 IN CLASSITA ("WARRANTS C") TO THE ENTITLED SHAREHOLDERS OF CLASSITA PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 965,398,515 NEW ORDINARY SHARES IN CLASSITA ("CLASSITA SHARES" OR "SHARES") ("RIGHTS SHARES") ON THE BASIS OF 5 RIGHTS SHARES FOR EVERY 2 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF CLASSITA AS AT 5.00 P.M. ON 14 JUNE 2023, TOGETHER WITH UP TO 579,239,109 WARRANTS C ON THE BASIS OF 3 WARRANTS C FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR, AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE ("RIGHTS ISSUE")
Each Warrant C carries the entitlement to subscribe for 1 new Classita Share at the exercise price (as set out above) and at any time during the exercise period (as set out above) ("Exercise Period") subject to the adjustments in accordance with the provisions of the deed poll dated 15 May 2023 constituting the Warrants C. Any Warrants C not exercised during the Exercise Period will thereafter lapse and cease to be valid. If the maturity date of the Warrants C falls on a non-market day, then it will fall on the preceding market day. This announcement is dated 13 July 2023.