News

Multiple Proposals

BackApr 04, 2022
Type Announcement
Subject MULTIPLE PROPOSALS
Description

AIRASIA 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 circular to Shareholders dated 10 May 2021, where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the earlier announcements in relation to the Remaining Corporate Exercises as well as the circular to Shareholders dated 10 May 2021.

 

On behalf of the Board, Mercury Securities wishes to announce that the Company had on 4 April 2022, executed the SPV Share Subscription Agreement with Garynma Investments Pte Ltd in relation to the Proposed Share Subscription for an amount of up to RM50.00 million as well as the granting of the Subscription Option to Garynma Investments Pte Ltd.

 

 

This announcement is dated 4 April 2022.

 


Announcement Info

Company Name AIRASIA X BERHAD
Stock Name AAX
Date Announced 04 Apr 2022
Category General Announcement for PLC
Reference Number GA1-04042022-00053