Bursa Filings


New Issue Of Securities (Chapter 6 of Listing Requirements) : Other Issue Of Securities

Back Jul 28, 2016

 

type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description

AIRASIA BERHAD ("AAB" or the "Company") PROPOSED ISSUANCE AND ALLOTMENT OF 559.00 MILLION NEW ORDINARY SHARES OF RM0.10 EACH IN AAB ("PROPOSED SHARES ISSUANCE")

We refer to past announcements and the announcement dated 27 May 2016 in relation to the Proposed Shares Issuance (“Announcements”).

Unless otherwise defined, all expressions used in this announcement shall carry the same meaning as defined in the Announcements.

On behalf of the Board, CIMB and RHB wish to announce that the Company and the Subscriber have entered into a second supplemental letter dated 28 July 2016 in respect of the Subscription Agreement to mutually agree to extend the Cut-off Date of 29 July 2016 for another period of sixty (60) days, and expiring on 27 September 2016, or such longer period as the Parties may mutually agree in writing.

This additional extension was agreed upon between the Parties to allow the Subscriber further time to acquire approval from Bank Negara Malaysia in respect of the funding for the Proposed Shares Issuance from its financiers (which include several foreign banks) after finalising the commercial terms of such financing.

Save for the extension of the Cut-off Date above, all other terms and conditions of the Subscription Agreement remain unchanged.

 

This announcement is dated 28 July 2016.





Announcement Info

Company Name AIRASIA BERHAD
Stock Name AIRASIA
Date Announced 28 Jul 2016
Category General Announcement for PLC
Reference Number GA1-28072016-00081