Adjustments to exercise price and number of outstanding warrants

It is not so common to see issuance of free warrants arising from issuance of rights shares merging with existing warrants. Asia Media did that recently and below is the calculation to arrive at new exercise price and number of adjustment warrants

Corporate Exercise
1 for 1 rights share at RM0.11/share
1 free new warrant for every 4 rights shares subscribed