MULTIPLE PROPOSALS NEXGRAM HOLDINGS BERHAD ("NEXGRAM" OR "COMPANY") (I) PROPOSED BONUS ISSUE OF WARRANTS E; (II) PROPOSED PART SETTLEMENT OF REDEEMABLE CONVERTIBLE PREFERENCE SHARES; (III) PROPOSED DEBT SETTLEMENT; AND (IV) PROPOSED DIVERSIFICATION. (COLLECTIVELY REFERRED TO AS "PROPOSALS")
| NEXGRAM HOLDINGS BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | NEXGRAM HOLDINGS BERHAD ("NEXGRAM" OR "COMPANY")
(I) PROPOSED BONUS ISSUE OF WARRANTS E;
(II) PROPOSED PART SETTLEMENT OF REDEEMABLE CONVERTIBLE PREFERENCE SHARES;
(III) PROPOSED DEBT SETTLEMENT; AND
(IV) PROPOSED DIVERSIFICATION.
(COLLECTIVELY REFERRED TO AS "PROPOSALS") |
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We refer to the announcement made on 3 July 2024 in relation to the Proposals (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein. On behalf of the Board, Malacca Securities wishes to announce that the Company, Weststar and RFC had mutually agreed to terminate the debt settlement agreements dated 3 July 2024 in relation to the Proposed Debt Settlement. Subsequently, the Company, Weststar and RFC had entered into revised debt settlement agreements dated 7 August 2024. Please refer to the attached announcement for further details on the revised Proposals. For avoidance of doubt, the attached announcement supersedes the announcement made on 3 July 2024 in relation to the Proposals. This announcement is dated 7 August 2024. |
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Please refer attachment below.
Announcement Info
| Company Name | NEXGRAM HOLDINGS BERHAD |
| Stock Name | NEXGRAM |
| Date Announced | 07 Aug 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25072024-00047 |