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47,213,505 FREE DETACHABLE WARRANTS ("WARRANT(S)") ISSUED PURSUANT TO THE BONUS ISSUE OF 16,430,722 NEW ORDINARY SHARES IN LBI CAPITAL BERHAD ("LBI") ("BONUS SHARE(S)") TO BE CREDITED AS FULLY PAID-UP, TOGETHER WITH 47,213,505 WARRANTS ON THE BASIS OF 1 BONUS SHARE TOGETHER WITH 3 WARRANTS FOR EVERY 5 EXISTING ORDINARY SHARES IN LBI ("LBI SHARE(S)") HELD BY THE ENTITLED SHAREHOLDERS OF LBI AT 5:00 PM ON 20 JUNE 2019
Each Warrant carries the entitlement to subscribe for 1 new LBI Share at the exercise price of RM0.50 per Warrant at any time during the exercise period as indicated above ("Exercise Period"). The Warrants are subject to adjustments in accordance with the provisions of the deed poll constituting the Warrants dated 31 May 2019. Any Warrants which are not exercised during the Exercise Period will thereafter lapse and cease to be valid. If the maturity date of the Warrants falls on a non-market day, then it shall be deemed to fall on the market day preceding the said non-market day. This announcement is dated 2 July 2019.