NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING NEXGRAM HOLDINGS BERHAD ("NEXGRAM" OR "COMPANY") PROPOSED PRIVATE PLACEMENT
| NEXGRAM HOLDINGS BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | NEXGRAM HOLDINGS BERHAD ("NEXGRAM" OR "COMPANY")
PROPOSED PRIVATE PLACEMENT |
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We refer to the announcement made on 24 September 2025 in relation to the Proposed Private Placement (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.
On behalf of the Board, TA Securities wishes to announce that Bursa Securities has, vide its letter dated 2 October 2025, approved the listing and quotation of up to 97,685,000 Placement Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:
(i) Nexgram and TA Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Private Placement;
(ii) TA Securities is required to furnish Bursa Securities with details of the placees as per Rule 6.16 of the Listing Requirements for Bursa Securities’ review, prior to the issuance/allotment of the Placement Shares;
(iii) TA Securities is required to furnish Bursa Securities with details of the placees in accordance with Rule 6.16 of the Listing Requirements as soon as practicable after each tranche of placement and before the listing of the new Shares to be issued pursuant to the Proposed Private Placement;
(iv) In the event the Proposed Private Placement is not completed before the next annual general meeting, Nexgram is required to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders at the forthcoming annual general meeting for the authority to issue shares pursuant to the Companies Act, 2016 before the listing of the Placement Shares;
(v) Nexgram and TA Securities are required to inform Bursa Securities upon completion of the Proposed Private Placement; and
(vi) Nexgram is required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.
This announcement is dated 2 October 2025. |
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Announcement Info
| Company Name | NEXGRAM HOLDINGS BERHAD |
| Stock Name | NEXGRAM |
| Date Announced | 02 Oct 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02102025-00066 |