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FREE DETACHABLE WARRANTS ("WARRANTS") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF 200,414,675 NEW ORDINARY SHARES OF RM0.10 EACH IN XOX BERHAD ("XOX") ("XOX SHARES") ("RIGHTS SHARES") ON THE BASIS OF ONE (1) RIGHTS SHARE WITH FREE WARRANTS FOR EVERY ONE (1) EXISTING XOX SHARE HELD AS AT 5.00 P.M. ON 18 JANUARY 2016 AT AN ISSUE PRICE OF RM0.20 PER RIGHTS SHARE, TOGETHER WITH 200,414,675 WARRANTS ON THE BASIS OF ONE (1) WARRANT FOR EVERY ONE (1) RIGHTS SHARE SUBSCRIBED FOR ("RIGHTS ISSUE OF SHARES WITH WARRANTS")
The Warrants are issued to the entitled shareholders of XOX pursuant to the Rights Issue of Shares with Warrants. Each Warrant carries the entitlement to subscribe for one (1) new XOX 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 4 January 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 19 February 2016.