Amended Announcements Please refer to the earlier announcement reference number: LIP-11052021-00010
HENG HUAT RESOURCES GROUP BERHAD ("HENG HUAT") ADJUSTMENT TO WARRANTS 2021/2026 OF HENG HUAT ("WARRANTS") PURSUANT TO A BONUS ISSUE
The Warrants may be exercised at any time during the tenure of the Warrants ending at 5:00 p.m. on the Expiry Date (being a date 5 years from and including the date of issue of the Warrants, provided that if such day falls on a day which is not a market day, then on the preceding market day). Each Warrant carries the entitlement to subscribe for 1 new ordinary share in Heng Huat at the Exercise Price which shall be satisfied fully in cash and shall be subject to adjustments in accordance with the Deed Poll. 101,095,710 new additional Warrants have been issued resulting from the Bonus Issue announced on 13 January 2022. Subject to the provisions of the Deed Poll, the Exercise Price and the number of Warrants held by each Warrant holder shall be adjusted by Heng Huat in consultation with the adviser and certification of the external auditors, in the event of alteration to the share capital of Heng Huat. This announcement is dated 15 April 2022.