FREE DETACHABLE WARRANTS IN METRONIC GLOBAL BERHAD ("METRONIC") ("WARRANTS") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 645,342,048 NEW ORDINARY SHARES IN METRONIC ("METRONIC SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.065 PER RIGHTS SHARE TOGETHER WITH UP TO 484,006,536 FREE DETACHABLE WARRANTS ON THE BASIS OF 4 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS FOR EVERY 2 EXISTING METRONIC SHARES HELD BY THE ENTITLED SHAREHOLDERS OF METRONIC AT 5.00 P.M. ON 20 MARCH 2019 ("ENTITLED SHAREHOLDERS")
Each Warrant carries the entitlement to subscribe for 1 new Metronic Share at the exercise price of RM0.08 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 1 March 2019. Any Warrant 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. This announcement is dated 22 April 2019.