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IMMAG HOLDINGS BERHAD ("MMAG" OR THE "COMPANY") Issuance of 227,751,203 free detachable warrants ("Warrants") to the entitled shareholders of MMAG pursuant to the renounceable rights issue of 151,834,154 new ordinary shares in MMAG ("MMAG Shares" or "Shares") ("Rights Shares") on the basis of 1 Rights Share for every 2 existing MMAG Shares held as at 5.00 p.m. on 3 November 2017 at an issue price of RM0.25 per Rights Share, together with 227,751,203 Warrants on the basis of 3 Warrants for every 2 Rights Shares subscribed for ("Rights Issue of Shares with Warrants")
Each Warrant carries the entitlement to subscribe for 1 new MMAG Share 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 20 October 2017, constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 30 November 2017.