AIAIRASIA X BERHAD ("AAX" OR THE "COMPANY")
(I) PROPOSED FUNDRAISING; AND
(II) PROPOSED GRANTING OF THE SUBSCRIPTION OPTION FOR THE SPECIAL PURPOSE VEHICLE TO SUBSCRIBE FOR SUCH NUMBER OF NEW AAX SHARES REPRESENTING UP TO 15% OF THE ENLARGED TOTAL NUMBER OF AAX SHARES (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT OF TIME DURING THE SUBSCRIPTION OPTION PERIOD OF 36 MONTHS COMMENCING FROM THE COMPLETION OF THE PROPOSED RIGHTS ISSUE (COLLECTIVELY, THE "REMAINING CORPORATE EXERCISES")
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcements dated 6 October 2020 and 14 December 2020, where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcements in relation to the Remaining Corporate Exercises.
On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities has, vide its letter dated 24 March 2022, resolved to grant AAX an extension of time until 26 October 2022 to complete the implementation of the Remaining Corporate Exercises.
This announcement is dated 24 March 2022.
|Company Name||AIRASIA X BERHAD|
|Date Announced||24 Mar 2022|
|Category||General Announcement for PLC|