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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : COMBINATION OF NEW ISSUE OF SECURITIES TECHNA-X BERHAD ("TXB" OR "COMPANY") (I) PROPOSED PRIVATE PLACEMENT OF UP TO 664,414,400 NEW ORDINARY SHARES, REPRESENTING APPROXIMATELY 30.00% OF THE EXISTING ISSUED SHARE CAPITAL OF TXB; AND (II) PROPOSED BONUS ISSUE OF UP TO 2,157,134,670 FREE WARRANTS IN TXB ON THE BASIS OF 1 WARRANT FOR EVERY 2 ORDINARY SHARES IN TXB HELD BY THE ENTITLED SHAREHOLDERS ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER; (COLLECTIVELY, THE "PROPOSALS")

TECHNA-X BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
Description
TECHNA-X BERHAD ("TXB" OR "COMPANY")

(I) PROPOSED PRIVATE PLACEMENT OF UP TO 664,414,400 NEW ORDINARY SHARES, REPRESENTING APPROXIMATELY 30.00% OF THE EXISTING ISSUED SHARE CAPITAL OF TXB; AND

(II) PROPOSED BONUS ISSUE OF UP TO 2,157,134,670 FREE WARRANTS IN TXB ON THE BASIS OF 1 WARRANT FOR EVERY 2 ORDINARY SHARES IN TXB HELD BY THE ENTITLED SHAREHOLDERS ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER;

(COLLECTIVELY, THE "PROPOSALS")

On behalf of the Board of Directors of TXB (“Board”), M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that the Company proposes to undertake the following:

 

  1. proposed private placement of up to 664,414,400 new ordinary shares in TXB (“Share(s)” or “TXB Share(s)”) (“Placement Share(s)”), representing approximately 30.00% of the existing issued share capital of TXB of RM1,224,044,262.86 comprising 2,214,714,736 Shares as at 22 July 2022 (being the latest practicable date prior to the date of this announcement) ("LPD") (“Proposed Private Placement”);
  2. proposed bonus issue of up to 2,157,134,670 free warrants in TXB (“Warrant(s)”) on the basis of 1 Warrant for every 2 TXB Shares held by the entitled shareholders on an entitlement date to be determined and announced later (“Entitled Shareholder(s)”) (“Entitlement Date”) (“Proposed Bonus Issue of Warrants”).

 

Further details of the Proposals are set out in the attachment.

 

This announcement is dated 26 July 2022.




Please refer attachment below.



Announcement Info

Company Name TECHNA-X BERHAD
Stock Name TECHNAX
Date Announced 26 Jul 2022
Category General Announcement for PLC
Reference Number GA1-26072022-00052




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