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FREE DETACHABLE WARRANTS ("WARRANTS") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF 140,347,070 NEW ORDINARY SHARES IN ANN JOO RESOURCES BERHAD ("ANN JOO SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.80 PER RIGHTS SHARE TOGETHER WITH 140,347,070 WARRANTS ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY FOUR (4) EXISTING ANN JOO SHARES HELD AS AT 5.00 P.M. ON THURSDAY, 10 OCTOBER 2024 AND ONE (1) WARRANT FOR EVERY ONE (1) RIGHTS SHARE SUBSCRIBED FOR
Each Warrant entitles the registered holder to subscribe for one (1) new Ann Joo Share at the exercise price of RM0.93 at any time during the exercise period of five (5) years from and inclusive of the date of issuance of the Warrants and up to and including the expiry date of the Warrants ("Exercise Period"), subject to adjustments in accordance with the provisions of the deed poll constituting the Warrants dated 26 September 2024. Any Warrants which have not been exercised during the Exercise Period shall thereafter lapse and cease to be valid for any purpose. This announcement is dated 8 November 2024.