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BackAug 07, 2013
Type Announcement
Subject OTHERS
Description AIRASIA X BERHAD (“AAX”)

STABILISING ACTION IN RELATION TO THE INITIAL PUBLIC OFFERING OF ORDINARY SHARES OF RM0.15 EACH IN AAX (“SHARES”) IN CONJUNCTION WITH ITS LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("IPO") ("STABILISING ACTION")

We refer to our previous announcements in relation to the Stabilising Action. 

In accordance with Section 9(3) of the Capital Markets and Services Act 2007, (Price Stabilisation Mechanism) Regulations 2008, Maybank Investment Bank Berhad (“Maybank IB”), as the stabilising manager, hereby announce that we have ceased Stabilising Action for AAX on 7 August 2013.

During the stabilising period between 10 July 2013 and 7 August 2013, we have undertaken Stabilising Actions where a total of 65,535,100 Shares were purchased at RM1.25 per Share. The last purchase was made on 25 July 2013 at RM1.25 per Share. We have also exercised the over-allotment option for a total of 52,983,425 Shares on 7 August 2013. 

As at 7 August 2013, we have bought an aggregate of 65,535,100 Shares on the Main Market of Bursa Malaysia Securities Berhad, representing 8.3% of the total number of shares offered under the IPO. Hence, the total purchases made under the price stabilising action of 65,535,100 Shares and the exercise of the over-allotment option for 52,983,425 Shares fully cover the 118,518,525 Shares that were over-alloted in the IPO for AAX.

A copy of Maybank IB’s letter dated 7 August 2013 relating to the above is attached herewith. 

This announcement is dated 7 August 2013.

 


Announcement Info

Company Name AIRASIA X BERHAD  
Stock Name AAX    
Date Announced 7 Aug 2013  
Category General Announcement
Reference No MI-130807-43714

Attachments

  1. AAX070813.pdf (Size: 31,480 bytes)