Unless otherwise defined, the definitions set out in the previous announcements in relation to the Proposals shall apply herein.
On behalf of the Board, M&A Securities wishes to announce that Bursa Securities has approved the following:
(i) listing and quotation of up to 1,124,706,544 Rights Shares to be issued pursuant to the Proposed Rights Issue with Warrants;
(ii) admission to the Official List and listing and quotation of up to 749,804,362 Warrants to be issue pursuant to the Proposed Rights Issue with Warrants; and
(iii) listing and quotation of up to 749,804,362 new Shares to be issued arising from the exercise of Warrants.
The approval granted by Bursa Securities is subject to the following conditions:
(i) Iconic and M&A Securities must fully comply with the relevant provisions under the Main Market Listing Requirements (“Listing Requirement”) pertaining to the implementation of the Proposed Rights Issue with Warrants;
(ii) Iconic and M&A Securities are required to inform Bursa Securities upon completion of the Proposed Rights Issue with Warrants;
(iii) Iconic and M&A Securities are required to provide a written confirmation that the terms of the Warrants are in compliance with paragraph 6.54(3) of the Listing Requirements;
(iv) 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 Proposed Rights Issue with Warrants is completed; and
(v) Iconic is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of listing fees payable.
This announcement is dated 28 April 2023.