We refer to the announcements made on 25 November 2024, 26 November 2024, 22 January 2025, 12 February 2025, 27 February 2025, 28 March 2025, 8 April 2025, 14 April 2025 and 15 April 2025 in relation to the Rights Issue (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of the Board, TA Securities wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue at 5.00 p.m. on 22 May 2025 (“Closing Date”), the Company has received valid acceptance and excess applications for a total of 748,751,650 Rights Shares, representing a subscription rate of 100.0034% over the total number of Rights Shares available for subscription under the Rights Issue on the Entitlement Date, resulting in an over-subscription rate of 0.0034%.
The details of valid acceptances and excess applications received as at the Closing Date are as follows:
| No. of Rights Shares | Percentage of total Rights Shares available for subscription (%) |
Total valid acceptances | 180,054,180 | 24.0481 |
Total valid excess applications | 568,697,470 | 75.9553 |
Total valid acceptances and excess applications | 748,751,650 | 100.0034 |
Total Rights Shares available for subscription on the Entitlement Date | 748,726,495 | 100.0000 |
Over-subscription | 25,155 | 0.0034 |
The successful applicants for the Rights Shares will be given Warrants C on the basis of 2 Warrants C for every 5 Rights Shares subscribed for.
In accordance with the procedure for excess application as stipulated in the AP, the Board has allotted the excess Rights Shares with Warrants C on a fair and equitable basis in the following priority:
(i) firstly, to minimise the incidence of odd lots;
(ii) secondly, on a pro-rata basis and in board lots, to Entitled Shareholders who have applied for excess Rights Shares with Warrants C, taking into consideration their respective shareholdings in the Company as at the Entitlement Date;
(iii) thirdly, on a pro-rata basis and in board lots, to Entitled Shareholders who have applied for excess Rights Shares with Warrants C, taking into consideration the quantum of their respective Excess Applications; and
(iv) finally, on a pro-rata basis and in board lots, to renouncee(s)/transferee(s) who has/have applied for excess Rights Shares with Warrants C, taking into consideration the quantum of their respective Excess Applications.
The excess Rights Shares with Warrants C will firstly be allocated to minimise the odd lots held by each applicant of the Excess Application. Thereafter, the allocation process will perform steps (ii), (iii) and (iv) in succession. Any remaining balance of the excess Rights Shares with Warrants C will be allocated by performing the same sequence of allocation i.e., steps (ii), (iii) and (iv) again in succession until all excess Rights Shares with Warrants C are allotted.
Nevertheless, the Board reserves the rights to allot any excess Rights Shares with Warrants C applied for in such manner as the Board deems fit and expedient and in the best interest of the Company, subject always to such allocation being made on a fair and equitable basis, and that the intention of the Board as set out in (i), (ii), (iii) and (iv) above is achieved. The Board also reserves the rights at its absolute discretion not to accept any Excess Applications, in full or in part, without assigning any reason thereto.
The Rights Shares with Warrants C are expected to be listed and quoted on the Main Market of Bursa Securities on 9 June 2025.
This announcement is dated 29 May 2025.
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发表于 15-7-2025 12:37 AM
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