FOCUS

0.015

+0.005 (+50%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING FOCUS DYNAMICS GROUP BERHAD (''FOCUS'' OR THE ''COMPANY'') RIGHTS ISSUE OF ICPS WITH WARRANTS

FOCUS DYNAMICS GROUP BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
FOCUS DYNAMICS GROUP BERHAD (''FOCUS'' OR THE ''COMPANY'')

RIGHTS ISSUE OF ICPS WITH WARRANTS

(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Abridged Prospectus of the Company dated 4 November 2020 in relation to the Rights Issue of ICPS with Warrants.)

 

We refer to the Abridged Prospectus dated 4 November 2020.

 

On behalf of the Board, Mercury Securities wishes to announce that pursuant to the close of acceptance, excess applications and payment for the ICPS with Warrants D at 5.00 p.m. on 19 November 2020 (“Closing Date”), the Company had received valid acceptances and excess applications for a total of 2,386,498,224 ICPS. This represents an over-subscription of 16.74% over the total number of ICPS available for subscription under the Rights Issue of ICPS with Warrants.

 

Details of such valid acceptances and excess applications received are as follows:-

 

 

No. of ICPS

 

% of total issue

Total valid acceptances

2,019,547,217

 

98.79

Total valid excess applications

366,951,007

 

17.95

Total valid acceptances and excess applications

2,386,498,224

 

116.74

Total ICPS available for subscription

2,044,266,042

 

100.00

Over-subscription

342,232,182

 

16.74

 

Successful applicants of the ICPS will be given Warrants D on the basis of 3 Warrants D for every 2 ICPS successfully subscribed for. The ICPS not validly taken up by Entitled Shareholders and/or their renouncee(s) and/or transferee(s) (if applicable) prior to the Closing Date (“Excess ICPS with Warrants D”) will be allotted in the following priority:-

 

(i)         firstly, to minimise the incidence of odd lots;

 

(ii)         secondly, on a pro-rata basis and in board lots, to the Entitled Shareholders who have applied for Excess ICPS with Warrants D, taking into consideration their respective shareholdings in the Company as at the Entitlement Date;

 

(iii)        thirdly, on a pro-rata basis and in board lots, to the Entitled Shareholders who have applied for Excess ICPS with Warrants D, taking into consideration the quantum of their respective Excess ICPS with Warrants D Applications; and

 

(iv)        finally, on a pro-rata basis and in board lots, to the transferee(s) and/or renouncee(s) who have applied for Excess ICPS with Warrants D, taking into consideration the quantum of their respective Excess ICPS with Warrants D Applications.

 

The Excess ICPS with Warrants D will firstly be allocated to minimise the odd lots (if any) held by each applicant of Excess ICPS with Warrants D. Thereafter, the allocation process will perform items (ii), (iii) and (iv) in succession. Any remaining balance of Excess ICPS with Warrants D will be allocated by performing the same sequence of allocation i.e. items (ii), (iii) and (iv) again in succession until all Excess ICPS with Warrants D are allotted.

 

Notwithstanding the foregoing, the Board reserves the right to allot any Excess ICPS with Warrants D applied for under Part I(B) of the RSF or by way of e-Subscription in such manner as it deems fit and expedient and in the best interests of the Company subject always to such allocation being made on a fair and equitable basis, and that the intention of the Board as set out in (i), (ii), (iii) and (iv) above is achieved. The Board also reserves the right at its absolute discretion not to accept any application for Excess ICPS with Warrants D, in full or in part, without assigning any reason thereof.

 

The ICPS and Warrants D are expected to be listed on the ACE Market of Bursa Securities on 3 December 2020.

 

This announcement is dated 26 November 2020.






Announcement Info

Company Name FOCUS DYNAMICS GROUP BERHAD
Stock Name FOCUS
Date Announced 26 Nov 2020
Category General Announcement for PLC
Reference Number GA1-26112020-00079