Contact us
Amended Announcements Please refer to the earlier announcement reference number: LIP-10062015-00001
THE 888,888,895 FREE DETACHABLE WARRANTS ISSUED ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) RIGHTS SHARES (AS DEFINED HEREIN) SUBSCRIBED FOR BY AIRASIA X BERHAD'S ("AAX'S") ENTITLED SHAREHOLDERS PURSUANT TO AAX'S RENOUNCEABLE RIGHTS ISSUE OF 1,777,777,790 NEW ORDINARY SHARES OF RM0.15 EACH IN AAX ("RIGHTS SHARES") ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY FOUR (4) EXISTING AAX ORDINARY SHARES HELD AS AT 5.00 P.M. ON 15 MAY 2015.
Each Warrant entitles the registered warrant holder to subscribe for one (1) new AAX ordinary share at the exercise price of RM0.46 for each Warrant. The Warrants have a term of 5 years and can be exercised at any time during its exercise period and upon the terms of and subject to the conditions and provisions of the deed poll dated 29 April 2015 constituting the Warrants ("Deed Poll"). The exercise price and the number of Warrants may be adjusted in accordance with the provisions of the Deed Poll. Any Warrants not exercised after the exercise period shall thereafter lapse and become void. Amendment was made to the Maturity field of the announcement.