Issuance of up to 245,264,997 warrants in Sarawak Consolidated Industries Berhad ("SCIB") ("Warrant(s) B") to the existing shareholders of SCIB on the basis of 1 Warrant B for every 2 existing ordinary shares held in SCIB held as at 5.00 p.m. on 3 February 2021
Each Warrant B carries the entitlement to subscribe for 1 new SCIB Share at the exercise price of RM1.77 and at any time during the exercise period of 3 years as indicated above ("Exercise Period") commencing from and including the issue date and ending at 5.00 p.m. on the expiry date (provided that if such a day is not a market day, then it shall be the market day immediately preceding the said non-market day). The Warrants B are subject to the adjustments in accordance with the provisions of the deed poll dated 14 January 2021 constituting the Warrants B. Any Warrants B not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 15 February 2021.