TWL

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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING TWL HOLDINGS BERHAD (FORMERLY KNOWN AS TIGER SYNERGY BERHAD) ("TWL" OR "COMPANY") PROPOSED RIGHTS ISSUE

TWL HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
TWL HOLDINGS BERHAD (FORMERLY KNOWN AS TIGER SYNERGY BERHAD) ("TWL" OR "COMPANY") 

PROPOSED RIGHTS ISSUE

On behalf of the Board of Directors of TWL, Kenanga Investment Bank Berhad wishes to announce that the Company proposes to undertake a renounceable rights issue of up to RM120.199 million nominal value of 4,006,633,348 5-year 5% redeemable convertible unsecured loan stocks in the Company (“RCULS”) at 100% of its nominal value of RM0.03 each together with up to 1,144,752,385 free detachable warrants in the Company (“Warrants E”) on the basis of 7 RCULS together with 2 Warrants E for every 10 existing ordinary shares in the Company held by the entitled shareholders of the Company on an entitlement date to be determined and announced later.

 

Please refer to the attachment for further details.

 

This announcement is dated 16 August 2022.




Please refer attachment below.

Attachments

TWL - RI - Announcement.pdf
584.9 kB



Announcement Info

Company Name TWL HOLDINGS BERHAD
Stock Name TWL
Date Announced 16 Aug 2022
Category General Announcement for PLC
Reference Number GA1-16082022-00021