We refer to the announcements made on 25 October 2023, 26 October 2023, 5 February 2024, 23 February 2024, 18 March 2024, 18 June 2024 and 2 July 2024 in relation to the Rights Issue (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue at 5.00 p.m. on 18 July 2024 (“Closing Date”), the Company had received valid acceptances and excess applications for a total of 216,598,817 Rights Shares, representing a subscription rate of 99.63% of the Rights Shares available for subscription under the Rights Issue, which represents an under-subscription rate of 0.37%.

The details of valid acceptances and excess applications received as at the Closing Date are as follows:

No. of Rights Shares

% of total Rights Shares available for subscription 

Total valid acceptances

92,627,498

42.61

Total valid excess applications

123,971,319

57.02

Total valid acceptances and excess applications

216,598,817

99.63

Total Rights Shares available for subscription

217,410,867

100.00

Under-subscription

(812,050)

(0.37) 

The successful applicants for the Rights Shares will be issued with Warrants on the basis of 2 Warrants for every 5 Rights Shares subscribed for.

In view that the Rights Issue is not fully subscribed, the Board has allotted the excess Rights Shares with Warrants to the Entitled Shareholders, renouncee(s) and/or transferee(s) who have applied for excess Rights Shares with Warrants in full based on their respective excess Rights Shares with Warrants applications.

The Rights Shares with Warrants are expected to be listed and quoted on the ACE Market of Bursa Securities on 1 August 2024.

This announcement is dated 25 July 2024.