| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES |
| Description |
OPTIMAX HOLDINGS BERHAD ("OPTIMAX" OR THE "COMPANY") PROPOSED BONUS ISSUE OF UP TO 404,999,992 ORDINARY SHARES IN OPTIMAX ("OPTIMAX SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 OPTIMAX SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("ENTITLEMENT DATE") ("PROPOSED BONUS ISSUE") |
We refer to the announcements made on 14 February 2022 and 8 March 2022 in relation to the Proposed Bonus Issue (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of the Board, Affin Hwang IB wishes to announce that Bursa Securities has granted its approval for the listing of and quotation for the following:
(i) up to 404,999,992 Bonus Shares to be issued pursuant to the Proposed Bonus Issue;
(ii) up to 67,499,994 additional Warrants to be issued pursuant to the adjustment to the number of outstanding Warrants due to the Proposed Bonus Issue (“Additional Warrants”); and
(iii) up to 67,499,994 additional new Optimax Shares to be issued pursuant to the exercise of the Additional Warrants.
The approval granted by Bursa Securities for the Proposed Bonus Issue is subject to the following conditions:
(i) Optimax and Affin Hwang IB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Bonus Issue;
(ii) Optimax and Affin Hwang IB to inform Bursa Securities upon the completion of Proposed Bonus Issue;
(iii) Optimax to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Bonus Issue is completed;
(iv) Optimax and Affin Hwang IB are required to make the relevant announcements pursuant to Rule 6.36(2)(a) & (b) and 6.36(4) of the Listing Requirements; and
(v) The Bonus Shares, Additional Warrants and new shares arising from the exercise of the Additional Warrants to be issued to the promoters of Optimax (as set out in the prospectus of Optimax dated 15 July 2020) whose shareholdings are currently under moratorium shall also be subject to a similar moratorium, on a proportionate basis.
This announcement is dated 24 March 2022.
| Company Name | OPTIMAX HOLDINGS BERHAD |
| Stock Name | OPTIMAX |
| Date Announced | 24 Mar 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24032022-00053 |