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CSH ALLIANCE BERHAD (FORMERLY KNOWN AS KTG BERHAD) ("CSH" OR THE "COMPANY") ISSUANCE OF FREE DETACHABLE WARRANTS IN CSH ("WARRANTS") TO THE ENTITLED SHAREHOLDERS OF CSH PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF 690,705,280 NEW ORDINARY SHARES IN CSH ("CSH SHARES") ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING CSH SHARE HELD AS AT 5.00 PM ON 21 DECEMBER 2021 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.15 PER RIGHTS SHARE, TOGETHER WITH 690,705,280 WARRANTS ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR ("RIGHTS ISSUE")
Each Warrant carries the entitlement to subscribe for 1 new CSH Share at the exercise price (as set out above) and at any time during the exercise period (as set out above) ("Exercise Period") subject to the adjustments in accordance with the provisions of the deed poll dated 7 December 2021 constituting the Warrants. Any Warrants 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 will fall on the preceding market day. This announcement is dated 25 January 2022.