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Issuance of free detachable warrants in Dolphin International Berhad ("Dolphin") ("Warrants-B") pursuant to the renounceable rights issue of up to 412,087,515 new ordinary shares in Dolphin ("Dolphin Shares") ("Rights Shares") together with up to 247,252,509 Warrants-B at an issue price of RM0.06 per Rights Share on the basis of 5 Rights Shares for every 4 existing Dolphin Shares held by the entitled shareholders at 5:00 p.m. on 24 July 2020 together with 3 Warrants-B for every 5 Rights Shares subscribed
Each Warrant-B carries the entitlement to subscribe for 1 new Dolphin Share at any time during the exercise period as indicated above ("Exercise Period") at the exercise price of RM0.08, subject to adjustments in accordance with the provisions of the deed poll dated 2 July 2020. Any Warrants-B which are not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 30 September 2020.