NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING ICONIC WORLDWIDE BERHAD ("ICONIC" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL ISSUED ORDINARY SHARES IN ICONIC

ICONIC WORLDWIDE BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
ICONIC WORLDWIDE BERHAD ("ICONIC" OR "COMPANY") 

PROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL ISSUED ORDINARY SHARES IN ICONIC

Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the previous announcements in relation to the Private Placement.

On behalf of the Board, M&A Securities is pleased to announce that Bursa Securities had approved the listing of and quotation for up to 95,630,650 Placement Shares on the Main Market of Bursa Securities subject to the following conditions:

(i)    Iconic and M&A Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Private Placement;

(ii)   Iconic and M&A Securities are required to inform Bursa Securities upon completion of the Private Placement;

(iii) Iconic is required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Private Placement is completed; and

(iv)  M&A Securities is required to furnish Bursa Securities with details of the placees in accordance with Paragraph 6.15 of the Listing Requirements as soon as practicable after each tranche of placement and before the listing of the Placement Shares to be issued pursuant to the Private Placement.

This announcement is dated 1 December 2021.






Announcement Info

Company Name ICONIC WORLDWIDE BERHAD
Stock Name ICONIC
Date Announced 01 Dec 2021
Category General Announcement for PLC
Reference Number GA1-01122021-00085