MULTIPLE PROPOSALS ACME HOLDINGS BERHAD ("ACME" OR "COMPANY") (I) BONUS ISSUE OF WARRANTS; (II) PRIVATE PLACEMENT; (III) MEDAN ACQUISITION; AND (IV) FOCAL ACQUISITION (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")
| ACME HOLDINGS BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | ACME HOLDINGS BERHAD ("ACME" OR "COMPANY")
(I) BONUS ISSUE OF WARRANTS;
(II) PRIVATE PLACEMENT;
(III) MEDAN ACQUISITION; AND
(IV) FOCAL ACQUISITION
(COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES") |
|
We refer to the announcements made on 7 August 2019, 24 September 2019, 14 October 2019, 22 October 2019, 7 November 2019, 28 November 2019, 29 November 2019, 17 December 2019 and 24 December 2019 in relation to the Corporate Exercises (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of ACME, TA Securities wishes to announce that:
(i) ACME and the Medan Vendors had on 5 February 2020 mutually agreed to extend the Medan Conditional Period for a period of 6 months up to 6 August 2020 for the parties to fulfil the conditions precedent set out in the Medan SPA and Supplemental Medan SPA; and
(ii) ACME and the Focal Vendors had on 5 February 2020 mutually agreed to extend the Focal Conditional Period for a period of 6 months up to 6 August 2020 for the parties to fulfil the conditions precedent set out in the Focal SPA.
This announcement is dated 5 February 2020. |
|
Announcement Info
| Company Name | ACME HOLDINGS BERHAD |
| Stock Name | ACME |
| Date Announced | 05 Feb 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03022020-00076 |