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RENOUNCEABLE RIGHTS ISSUE OF 766,524,307 NEW ORDINARY SHARES IN SIAB HOLDINGS BERHAD ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.1200 PER RIGHTS SHARE TOGETHER WITH 383,262,153 FREE DETACHABLE WARRANTS ("WARRANT(S)") ON THE BASIS OF 13 RIGHTS SHARES FOR EVERY 10 EXISTING ORDINARY SHARE IN SIAB HOLDINGS BERHAD HELD AS AT 5.00 P.M. ON THURSDAY, 23 MAY 2024 TOGETHER WITH 1 WARRANT FOR EVERY 2 RIGHTS SHARES SUBSCRIBED ("RIGHTS ISSUE WITH WARRANTS")
The Warrants may be exercised any time during the tenure of the Warrants of 5 years including and commencing from the Issue Date of the Warrants and ending at 5.00 p.m. (Malaysia time) on the Expiry Date (being close of business at 5.00 p.m. in Malaysia on the day immediately preceding the 5th anniversary of the Issue Date. If such day is not a market day, then it shall be on the immediate preceding market day). Each Warrant carries the entitlement to subscribe for 1 new ordinary share in Siab at the Exercise Price which shall be satisfied fully in cash and shall be subject to the adjustments in accordance with the terms and provisions of the Deed Poll during the Exercise Period. This announcement is dated 24 June 2024.