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ACME

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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, 24 December 2019, 5 February 2020, 5 March 2020, 10 March 2020, 20 March 2020 and 26 March 2020 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 6 August 2020 mutually agreed to extend the Medan Conditional Period for a period of 6 months up to 5 February 2021 for the parties to fulfil the conditions precedent set out in the Medan SPA; and

 

(ii) ACME and the Focal Vendors had on 6 August 2020 mutually agreed to extend the Focal Conditional Period for a period of 6 months up to 5 February 2021 for the parties to fulfil the conditions precedent set out in the Focal SPA.

 

This announcement is dated 6 August 2020.






Announcement Info

Company Name ACME HOLDINGS BERHAD
Stock Name ACME
Date Announced 06 Aug 2020
Category General Announcement for PLC
Reference Number GA1-06082020-00020