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FREE DETACHABLE WARRANTS IN LKL INTERNATIONAL BERHAD ("LKL" OR THE "COMPANY") ("WARRANTS") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 291,480,162 NEW ORDINARY SHARES IN THE COMPANY ("LKL SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.17 PER RIGHTS SHARE TOGETHER WITH UP TO 194,320,108 FREE DETACHABLE WARRANTS ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 27 FEBRUARY 2023
Each Warrant carries the entitlement to subscribe for 1 new LKL Share at the exercise price of RM0.17 at any time during the exercise period (as indicated above) ("Exercise Period"), subject to any adjustments that may be made from time to time in accordance with the provisions of the deed poll constituting the Warrants dated 10 February 2023. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose and shall be cancelled and treated to have been cancelled forthwith. If the maturity date of the Warrants falls on a non-market day, then it will fall on the preceding market day. The announcement is dated 27 March 2023.