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Issue of 90,582,000 free warrants ("Warrants") on the basis of one (1) Warrant for every two (2) ordinary shares of RM0.50 each in Paos Holdings Berhad ("PAOS") held after the Bonus Issue of Shares at 5:00p.m. on 9 December 2016 ("Free Warrants Issue")
The Warrants are issued to the entitled shareholders of PAOS on the basis of one (1) Warrant for every two (2) ordinary shares of RM0.50 each in PAOS ("PAOS Shares") held at 5.00 p.m. on 9 December 2016. Each Warrant carries the entitlement to subscribe for one (1) new PAOS Share at the exercise price (as indicated above) 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 25 November 2016, constituting the Warrants. Any Warrant not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 16 December 2016.