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Home / Rights Issue with Warrants (Amended Announcements)

On behalf of the Company, M&A Securities is pleased to announce that at the close of acceptance, excess application and payment for the Rights Issue with Warrants as at 5.00 p.m. on 14 October 2021 (“Closing Date”), the Company received valid acceptances and excess applications for a total of 293,131,563 Rights Shares. This represents a subscription level of 129.49% of the total 226,369,915 Rights Shares available under the Rights Issue with Warrants.

Details of valid acceptances and excess applications received as at the Closing Date are as follows:

 No. of Rights Shares% of total issue size
Total valid acceptances205,741,00090.89
Total valid excess applications87,390,56338.60
Total valid acceptances and excess applications293,131,563129.49
Total Rights Shares available for subscription226,369,915100.00
Total oversubscription66,761,64829.49
As the acceptances and excess application received exceeded the issue size of 226,369,915 Rights Shares, the issue size of the Rights Issue with Warrants shall be based on the issue size of 226,369,915 Rights Shares and 226,369,915 Warrants. 

The Excess Rights Shares have been allocated in accordance with the basis stated in the Abridged Prospectus dated 29 September 2021. 

The Rights Shares and Warrants are expected to be listed on the Main Market of Bursa Malaysia Securities Berhad on 27 October 2021. 

This announcement is dated 21 October 2021.
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