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14,415,733 NEW WARRANTS ("WARRANTS") IN SUNMOW HOLDING BERHAD ("SUNMOW" OR THE "COMPANY") ISSUED PURSUANT TO THE NON-RENOUNCEABLE RIGHTS ISSUE OF UP TO 15,596,000 NEW REDEEMABLE PREFERENCE SHARES ("RPS") ("RIGHTS RPS") AT AN ISSUE PRICE OF RM0.50 PER RIGHTS RPS ("ISSUE PRICE") ON THE BASIS OF ONE (1) RIGHTS RPS FOR EVERY FIFTEEN (15) EXISTING ORDINARY SHARES IN SUNMOW ("SUNMOW SHARES" OR "SHARES") HELD BY THE ENTITLED SHAREHOLDERS AS AT 5.00 P.M. ON 5 SEPTEMBER 2024, TOGETHER WITH UP TO 15,596,000 FREE DETACHABLE WARRANTS ON THE BASIS OF ONE (1) WARRANT FOR EVERY ONE (1) RIGHTS RPS SUBSCRIBED FOR ("RIGHTS ISSUE OF RPS WITH WARRANTS")
The Warrants may be exercised at any time during the tenure of four (4) years commencing from and including the date of the first issuance of the Warrants until the close of business at 5.00 p.m. (Malaysia time) on the expiry date of the Warrants ("Warrants Exercise Period"). Each Warrant shall entitle its registered holder to subscribe for one (1) new Sunmow Share at any time during the Warrants Exercise Period at the exercise price of RM0.60 per Warrant, subject to adjustments in accordance with the provisions of the deed poll dated 21 August 2024 constituting the Warrants. Any Warrants not exercised during the Warrants Exercise Period will thereafter lapse and cease to be valid for any purpose. If the expiry date of the Warrants is not a market day, then it shall be the market day immediately preceding the said non-market day.