Bursa Filings


New Issue of Securities (Chapter 6 Of Listing Requirements) : Fund Raising

Back Oct 25, 2021
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description

AIRASIA GROUP BERHAD ("AAGB" OR THE "COMPANY") PROPOSED RENOUNCEABLE RIGHTS ISSUE OF REDEEMABLE CONVERTIBLE UNSECURED ISLAMIC DEBT SECURITIES ("PROPOSED RIGHTS ISSUE")

(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 12 July 2021.)

 

We refer to the announcements dated 12 July 2021, 19 August 2021, 14 September 2021 and 18 October 2021 in relation to the Proposed Rights Issue.

 

On behalf of the Board, RHBIB wishes to announce that Bursa Securities had, vide its letter dated 25 October 2021, approved the following:

 

(i) admission to the Official List and the listing and quotation of up to 1,365,411,160 RCUIDS with nominal value of RM1,024,058,370 to be issued pursuant to the Proposed Rights Issue;

 

(ii) admission to the Official List and the listing and quotation of up to 682,705,580 Warrants to be issued pursuant to the Proposed Rights Issue; and

 

(iii) listing and quotation of up to 2,048,116,740 new ordinary shares to be issued pursuant to the conversion of the RCUIDS and exercise of the Warrants.

 

The approval by Bursa Securities for the Proposed Rights Issue is subject to the following conditions:

 

1. AAGB and RHBIB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Rights Issue;

 

2. AAGB and RHBIB are required to inform Bursa Securities upon completion of the Proposed Rights Issue;

 

3. AAGB and RHBIB are required to provide a written confirmation that the terms of the Warrants are in compliance with Paragraph 6.54(3) of the Listing Requirements;

 

4. AAGB and RHBIB are required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Rights Issue is completed; and

 

5. AAGB is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the conversion of the RCUIDS and exercise of the Warrants as at the end of each quarter together with a detailed computation of listing fees payable.

 

This announcement is dated 25 October 2021.





Announcement Info

Company Name AIRASIA GROUP BERHAD
Stock Name AIRASIA
Date Announced 25 Oct 2021
Category General Announcement for PLC
Reference Number GA1-25102021-00100