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MULTIPLE PROPOSALS TFP SOLUTIONS BERHAD ("TFP") (I) PROPOSED PRIVATE PLACEMENT; AND (II) PROPOSED ISSUE OF FREE WARRANTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

TFP SOLUTIONS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
TFP SOLUTIONS BERHAD ("TFP")

(I)	PROPOSED PRIVATE PLACEMENT; AND

(II)	PROPOSED ISSUE OF FREE WARRANTS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board of Directors of TFP, TA Securities Holdings Berhad wishes to announce that TFP proposes to undertake the following:

(i) a private placement of up to 62,020,100 new ordinary shares in TFP, representing approximately 30% of the existing total number of issued shares in TFP (“TFP Shares”) (excluding 1,279,000 treasury shares) (“Proposed Private Placement”); and

(ii) an issuance of up to 134,377,022 free warrants (“Warrants”) on the basis of 1 Warrant for every 2 TFP Shares held on an entitlement date to be determined later (“Proposed Issue of Free Warrants”).

Please refer to the attachment for further details of the Proposals.

This announcement is dated 3 February 2020.


Please refer attachment below.

Attachments

TFP - Announcement (Proposals).pdf
366.0 kB


Announcement Info

Company Name TFP SOLUTIONS BERHAD
Stock Name TFP
Date Announced 03 Feb 2020
Category General Announcement for PLC
Reference Number GA1-03022020-00001




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