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FREE DETACHABLE WARRANTS IN TCS GROUP HOLDINGS BERHAD ("TCS") ("WARRANTS B") ISSUED PURSUANT TO THE RIGHTS ISSUE OF 171,600,476 NEW ORDINARY SHARES IN TCS ("TCS SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.12 PER RIGHTS SHARE ON THE BASIS OF TWO RIGHTS SHARES FOR EVERY FIVE EXISTING TCS SHARES HELD BY THE ORDINARY SHAREHOLDERS OF TCS AS AT 5.00 P.M. ON 29 MAY 2024, TOGETHER WITH 102,960,285 WARRANTS B ON THE BASIS OF THREE WARRANTS B FOR EVERY FIVE RIGHTS SHARES SUBSCRIBED FOR
Each Warrant entitles the holders of the Warrant B to subscribe for one new TCS Share at any time during the period commencing on and including 21 June 2024 (being the date of issuance of the Warrants) and ending on the close of business at 5.00 p.m. on 20 June 2029 (if not a market day, then it shall be the market day immediately preceding the said non-market day, being the expiry of the tenure of the Warrants B) ("Exercise Period") at the exercise price of RM0.18 per TCS Share, subject to adjustments in accordance with the provisions of the deed poll dated 8 May 2024 constituting the Warrants B. Any Warrants B not exercised during the Exercise Period will thereafter lapse and cease to be valid. This announcement is dated 25 June 2024.