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HUBLINE BERHAD ("HUBLINE" OR THE "COMPANY") ISSUANCE OF 944,837,534 FREE DETACHABLE WARRANTS ("WARRANTS C") TO THE ENTITLED SHAREHOLDERS OF HUBLINE PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,417,256,368 NEW ORDINARY SHARES EACH IN HUBLINE ("RIGHTS SHARE(S)") ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY FIVE (5) ORDINARY SHARES HELD IN HUBLINE ("HUBLINE SHARES"), TOGETHER WITH UP TO 944,837,579 WARRANTS C ON THE BASIS OF TWO (2) WARRANTS C FOR EVERY THREE (3) RIGHTS SHARES SUBSCRIBED ("RIGHTS ISSUE WITH WARRANTS")
Each Warrant C carries the entitlement to subscribe for 1 new ordinary share in Hubline 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 7 November 2018, constituting the Warrants C. Any Warrants C not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 20 December 2018.