(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Abridged Prospectus dated 5 September 2024 issued by the Company in relation to the Rights Issue with Warrants.)

We refer to the Abridged Prospectus dated 5 September 2024.

On behalf of the Board, Interpac wishes to announce that pursuant to the close of acceptance, excess applications and payment for the Rights Shares with Warrants E at 5.00 p.m. on 23 September 2024, the Company had received valid acceptances and excess applications for a total of 1,350,786,719 Rights Shares. This represents an over-subscription of 1.08% over the total number of Rights Shares available for subscription under the Rights Issue with Warrants. 

Details of such valid acceptances and excess applications received are as follows: -

Successful applicants of the Rights Shares will be given Warrants E on the basis of 1 Warrant E for every 1 Rights Share successfully subscribed for. The Excess Rights Shares with Warrants E will be allotted in a fair and equitable manner in the following priority:-

(i)         firstly, to minimise the incidence of odd lots;

(ii)        secondly, on a pro-rata basis and in board lots, to the Entitled Shareholders who have applied for Excess Rights Shares with Warrants E, calculated based on their respective shareholdings in the Company as at the Entitlement Date;

(iii)        thirdly, on a pro-rata basis and in board lots, to the Entitled Shareholders who have applied for Excess Rights Shares with Warrants E, calculated based on the quantum of their respective Excess Rights Shares with Warrants E Applications; and

(iv)       finally, on a pro-rata basis and in board lots, to the renouncee(s) and/or transferee(s) (if applicable) who have applied for Excess Rights Shares with Warrants E, calculated based on the quantum of their respective Excess Rights Shares with Warrants E applied for.

In the event there is any remaining balance of the Excess Rights Shares with Warrants E after carrying out steps (i) to (iv) set out above, steps (ii) to (iv) will be repeated again in the same sequence to allocate the remaining balance of the Excess Rights Shares with Warrants E until such balance is fully allocated.

Nevertheless, the Board reserves the right to allocate any Excess Rights Shares with Warrants E applied for under Part I(B) of the RSF in such manner as the Board deems fit, expedient and in the best interests of the Company, subject always to such allocation being made on a fair and equitable basis, and that the intention of the Board as set out in step (i) to (iv) above is achieved. The Board also reserves the right at its absolute discretion not to accept any Excess Rights Shares with Warrants E Applications, in full or in part, without assigning any reason thereto.

The Rights Shares and Warrants E are expected to be listed on the Main Market of Bursa Securities on 7 October 2024.

This announcement is dated 30 September 2024.