We are pleased to announce that INARI-C1Z have expired at 9.00 a.m. on 29 January 2024 ("Expiry Date") and the warrant holders shall be entitled to the Cash Settlement Amount (per INARI-C1Z) (if the said amount is greater than zero).

The Settlement Price has been determined at RM0.2074 being the arithmetic mean of the closing price of INARI Shares on Bursa Malaysia Securities Berhad for the five (5) scheduled market days prior to and including the market day before the Expiry Date. 
Cash Settlement Amount

= {(Settlement Price - Exercise Price) / Exercise Ratio } x Number of INARI-C1Z exercised - 0.30%

= {(RM3.2260 - RM2.5000) / 3.5 } x Number of INARI-C1Z exercised - 0.30%

= RM0.2074 x Number of INARI-C1Z exercised - 0.30%

Payment of the Cash Settlement Amount shall be made via the eDividend or Cash Redemption Payment Service by Bursa Malaysia Depository into the bank account of the Holders as provided in the Record of Depositors within seven (7) Market Days following the Expiry Date. Bank cheques shall be issued in favour of the Holders whose bank account information is not available in the Record of Depositors.


This announcement is dated 29 January 2024.