ICON

0.760

+0.015 (+2%)

Unconditional Mandatory Take-over Offer


Description
Offer Document in relation to the Unconditional Mandatory Take-Over Offer by Liannex Maritime Sdn Bhd ("Offeror") through AmInvestment Bank Berhad to acquire
(I) All the remaining Ordinary Shares in Icon Offshore Berhad ("Icon") ("Icon Share(s)") not already held by the Offeror as well as Liannex Corporation (S) Pte Ltd, Mr. Lim Han Weng and Madam Bah Kim Lian (collectively, "Joint Ultimate Offerors") and such number of new Icon Shares that may be issued pursuant to (I) The exercise/conversion of the Outstanding Convertible Securities; (II) RTL3; and (III) ESGP prior to the closing of the Offer ("Offer Share(s)"); and
(II) All the remaining Outstanding Warrants 2020/2028 issued by Icon not held by the Offeror and the Joint Ultimate Offerors ("Offer Warrant(s)"),
for a cash consideration of RM0.635 per Offer Share and RM0.001 per Offer Warrant(s) ("Offer")
Despatch Date 16 Apr 2024
Acceptance Period 16 Apr 2024 to 07 May 2024
Closing Date 07 May 2024
Closing Time 5:00 PM

Name of Offeror(s)

Offeror Listed on Bursa Malaysia
Liannex Maritime Sdn Bhd
No

Offer by Offeror(s) Cash
Cash
Offer Price Per Unit Malaysian Ringgit (MYR) 0.6350

Registrar or Service Provider name, address, telephone no SECURITIES SERVICES (HOLDINGS) SDN BHD
Level 7, Menara Milenium
Jalan Damanlela, Pusat Bandar Damansara

Damansara Heights

50490 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0320849000
Fax:0320949940

Remarks :
The Offer entails an unconditional mandatory take-over offer by the Offeror through AmInvestment Bank Berhad to acquire

1. all the remaining Icon Shares not already held by the Offeror as well as the Joint Ultimate Offerors and such number of new Icon Shares that may be issued prior to the closing of the Offer:
a. the exercise/conversion of the Outstanding Convertible Securities; 
b. RTL3; and 
c. ESGP.
("Offer Share(s)"), for a cash consideration of RM0.635 per Offer Share;

2. all the remaining Outstanding Warrants 2020/2028 issued by Icon not held by the Offeror and the Joint Ultimate Offerors ("Offer Warrant(s)") for a cash consideration of RM0.001 per Offer Warrant.

Please refer attached herewith the following documents:-
i. Offer Document
ii. Form of Acceptance for the Offer Share(s) and Offer Warrant(s)

Please refer attachment below.



Announcement Info

Company Name ICON OFFSHORE BERHAD
Stock Name ICON
Date Announced 16 Apr 2024
Category Take-over Offer
Reference Number TEN-16042024-00001
Corporate Action ID MY240416TEND0001