AIRASIA X BERHAD ("AAX" OR "THE COMPANY") UPDATE ON STATUS OF THE PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM0.15 EACH IN AAX TOGETHER WITH FREE DETACHABLE WARRANTS
As announced on 30 January 2015, the Company has proposed renounceable rights issue of new ordinary shares of RM0.15 each in AAX ("AAX Shares") together with free detachable warrants to raise gross proceeds of up to RM395.00 million ("Proposed Rights Issue with Warrants"); and to increase in the authorised share capital of AAX from RM500,000,000.00 comprising 3,333,333,333 AAX Shares to RM1,000,000,000.05 comprising 6,666,666,667 AAX Shares (“Proposed Increase in the Authorised Share Capital”) as well as the corresponding proposed amendment to the Company’s Memorandum and Articles of Association as a consequence of the Proposed Increase in the Authorised Share Capital (“Proposed Amendment”). The corporate transaction was approved by the shareholders at the Extraordinary General Meeting held on 27 March 2015.
On 15 May 2015, the Company has announced the Abridged Prospectus ("AP") which is in relation to the Proposed Rights Issue with Warrants.
Except for those disclosed on the above, there is no corporate proposal which is announced but not completed as at 20 May 2015, being the latest practicable date.
This announcement is dated 27 May 2015.
|Company Name||AIRASIA X BERHAD|
|Date Announced||27 May 2015|
|Category||General Announcement for PLC|