ANNUAL REPORT 2025 FINANCIAL STATEMENTS Notes to the Financial Statements (Cont’d) For the Financial Year Ended 31 March 2025 196 53. SIGNIFICANT EVENTS DURING/AFTER THE FINANCIAL YEAR (CONT’D) (d) Issuance of Bonus Warrants On 6 November 2024, the Company proposes to undertake an issuance of bonus issue of up to 1,548,419,500 free warrants in the Company on the basis of 1 free warrant for every 2 existing ordinary shares in the Company held by the shareholders of the Company on an entitlement date to be determined and announced later. On 8 November 2024, the Company has submitted the application in relation to the Proposals to Bursa Securities. On 15 November 2024, Bursa Securities had vide its letter dated 15 November 2024 approved the admission to the Official List and listing and quotation of up to 1,548,419,500 new Warrants to be issued pursuant to the Proposed Bonus Warrants on the Main Market of Bursa Securities; and listing and quotation of up to 1,548,419,500 new ordinary shares to be issued arising from the exercise of the new Warrants. On 9 January 2025, the exercise price for the Warrants has been fixed at RM0.2117 per Warrant, representing a discount of RM0.2116 or approximately 50% to the 5-day VWAP of the Company’s shares up to and including 8 January 2025, being the last trading day immediately preceding the price-fixing date, of RM0.4233 per the Company Share. On 24 January 2025, the Board, had executed the deed poll constituting the Warrants to be issued pursuant to the Bonus Warrants. On 21 February 2025, the Bonus Warrants had been completed following the listing of and quotation of 1,391,079,589 Warrants on the Main Market of Bursa Securities. (e) Change of Name On 20 February 2025, the Company changed its name from Datasonic Group Berhad to NexG Berhad. (f) Proposed Private Placement On 25 February 2025, the Company proposes to undertake a private placement of up to 10% of the total number of issued shares of the Company (excluding treasury shares), at an issue price to be determined later. On 26 February 2025, the Company has submitted the additional listing application for the Proposed Private Placement to Bursa Securities. On 11 March 2025, Bursa Securities had, vide its letter dated 11 March 2025, resolved to approve the listing and quotation of up to 448,791,858 new ordinary shares in the Company (“Placement Shares”) to be issued pursuant to the Proposed Private Placement.
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