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ISSUANCE OF FREE DETACHABLE WARRANTS IN TA WIN HOLDINGS BERHAD ("TA WIN") ("WARRANTS") PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF 238,841,790 ORDINARY SHARES IN TA WIN ("TA WIN SHARES" OR "SHARES") ("RIGHTS SHARES") AND 477,683,580 IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN TA WIN ("ICPS") TOGETHER WITH 159,227,860 WARRANTS AT THE ISSUE PRICE OF RM0.10 PER RIGHTS SHARE AND RM0.025 PER ICPS ON THE BASIS OF 3 RIGHTS SHARES AND 6 ICPS TOGETHER WITH 2 WARRANTS FOR EVERY 1 EXISTING TA WIN SHARE HELD BY THE ENTITLED SHAREHOLDERS AT 5.00 P.M. ON 12 JULY 2019
Each Warrant entitles the Warrant holder to subscribe for 1 new Ta Win Share at any time during the exercise period as indicated above ("Exercise Period") at the exercise price of RM0.20, subject to adjustments in accordance with the provisions of the deed poll dated 17 April 2019. Any Warrants which are not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 9 August 2019.