NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HLT GLOBAL BERHAD ("HLT" OR THE "COMPANY") RENOUNCEABLE RIGHTS ISSUE OF UP TO 426,079,671 NEW ORDINARY SHARES IN HLT GLOBAL BERHAD ("HLT") ("RIGHTS SHARES") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING ORDINARY SHARES IN HLT TOGETHER WITH UP TO 426,079,671 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY ONE (1) RIGHTS SHARE SUBSCRIBED FOR ("RIGHTS ISSUE")
| HLT GLOBAL BERHAD |
| Type | Announcement | ||||||||||||||||||
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
||||||||||||||||||
| Description | HLT GLOBAL BERHAD ("HLT" OR THE "COMPANY")
RENOUNCEABLE RIGHTS ISSUE OF UP TO 426,079,671 NEW ORDINARY SHARES IN HLT GLOBAL BERHAD ("HLT") ("RIGHTS SHARES") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING ORDINARY SHARES IN HLT TOGETHER WITH UP TO 426,079,671 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY ONE (1) RIGHTS SHARE SUBSCRIBED FOR ("RIGHTS ISSUE") |
||||||||||||||||||
|
We refer to the Company’s announcement dated 18 September 2024 and its subsequent announcements in relation to the Rights Issue as well as the Abridged Prospectus.
On behalf of the Board, KAF IB wishes to announce that as at 5:00 p.m. on 5 June 2025, being the closing date of the acceptance, excess application and payment for the Rights Issue (“Closing Date”), the Company had received valid acceptances and excess applications for a total of 415,993,381 Rights Shares with Warrants, representing a subscription rate of 99.19% over the total number of Rights Shares with Warrants available for subscription under the Rights Issue, resulting in an under-subscription rate of 0.81%.
The details of such valid acceptances and excess applications received for Rights Shares with Warrants are as follows:-
The Minimum Subscription Level for the Rights Issue had been achieved notwithstanding the under-subscription for the Rights Issue.
In view that the Rights Issue is not fully subscribed, the Board has decided to allot the Rights Shares with Warrants to all Entitled Shareholders and/or their renouncee(s)/transferee(s) (if applicable) who have applied for the Excess Rights Shares with Warrants.
The Rights Shares with Warrants are expected to be listed and quoted on the ACE Market of Bursa Securities on 20 June 2025.
This announcement is dated 16 June 2025. |
|||||||||||||||||||
Announcement Info
| Company Name | HLT GLOBAL BERHAD |
| Stock Name | HLT |
| Date Announced | 16 Jun 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-16062025-00051 |