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Bonus issue of 225,108,007 warrants of EG Industries Berhad ("EGIB") ("Warrants") on the basis of 1 Warrant for every 2 existing ordinary shares in EGIB held as at 5.00 p.m. on 20 December 2023 ("Entitlement Date") ("Bonus Issue of Warrants")
Each Warrant carries the entitlement to subscribe for 1 new EGIB Share at any time during the exercise period as indicated above ("Exercise Period") at the exercise price of RM1.80, subject to the adjustments in accordance with the provisions of the deed poll constituting the Warrants dated 12 December 2023. Any Warrants which are not exercised during the Exercise Period will thereafter lapse and cease to be valid and shall be cancelled and treated to have been cancelled forthwith. This announcement is dated 29 December 2023.