New Issue of Securities (Chapter 6 Of Listing Requirements) : Fund Raising
|Subject||NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
AIRASIA GROUP BERHAD ("AAGB" OR THE "COMPANY") RENOUNCEABLE RIGHTS ISSUE OF REDEEMABLE CONVERTIBLE UNSECURED ISLAMIC DEBT SECURITIES ("RIGHTS ISSUE")
(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 12 July 2021.)
We refer to the announcements dated 12 July 2021, 19 August 2021, 14 September 2021, 18 October 2021, 25 October 2021, 26 October 2021, 27 October 2021 and 11 November 2021 in relation to the Rights Issue.
On behalf of the Board, RHBIB wishes to announce that the Board has today, fixed the Exercise Price of the Warrants at RM1.00 each, being the lower of:
(a) RM1.00 per Warrant; or
(b) RM1.41 per Warrant, being an amount equivalent to approximately 20% premium to the 30-day VWAP of AAGB Shares up to and including 17 November 2021, being the last trading date prior to the announcement of the Entitlement Date, of RM1.1763.
RHBIB also wishes to announce that the Company has today, entered into, amongst others, the following agreements:
(i) the Trust Deed constituting the RCUIDS with Malaysian Trustees Berhad;
(ii) the Deed Poll constituting the Warrants; and
(iii) an underwriting agreement with RHBIB, being the Managing Underwriter and Joint Underwriter, and Kenanga Investment Bank Berhad, being the Joint Underwriter (“Underwriting Agreement”) to underwrite RM717,241,950 in nominal value of RCUIDS, representing 100% of the Open Portion, subject to the terms and conditions of the Underwriting Agreement.
This announcement is dated 18 November 2021.
|Company Name||AIRASIA GROUP BERHAD|
|Date Announced||18 Nov 2021|
|Category||General Announcement for PLC|