MULTIPLE PROPOSALS ICONIC WORLDWIDE BERHAD ("ICONIC" OR THE "COMPANY") -PROPOSED ACQUISITION; -PROPOSED RIGHTS ISSUE WITH WARRANTS; AND -PROPOSED EXEMPTION COLLECTIVELY, THE "PROPOSALS"

ICONIC WORLDWIDE BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
ICONIC WORLDWIDE BERHAD ("ICONIC" OR THE "COMPANY")

-PROPOSED ACQUISITION;
-PROPOSED RIGHTS ISSUE WITH WARRANTS; AND
-PROPOSED EXEMPTION

COLLECTIVELY, THE "PROPOSALS"

Unless otherwise defined, the definitions set out in the previous announcements in relation to the Proposals shall apply herein.

Reference is made to the announcement dated 30 November 2023, whereby M&A Securities had submitted an application to Bursa Securities to seek an extension of time of up to 15 December 2023 to issue the Circular pursuant to Paragraph 9.33(1)(b)(i) of the Main Market Listing Requirements of Bursa Securities (“MMLR”) and seek an extension of time of up to 26 April 2024 to complete the implementation of the Proposed Rights Issue with Warrants.

On behalf of the Board of Iconic, M&A Securities is pleased to announce that, after taking into consideration the relevant facts and circumstances, Bursa Securities has vide its letter dated 4 December 2023 resolved to grant the Company the following:

(i)      a further extension of time until 15 December 2023 to comply with paragraph 9.33(1)(b) of the MMLR in relation to the issuance of the Circular; and

(ii)     an extension of time until 26 April 2024 to comply with paragraph 6.62(1) of the MMLR to complete the implementation of the Proposed Rights Issue with Warrants

This announcement is dated 4 December 2023.






Announcement Info

Company Name ICONIC WORLDWIDE BERHAD
Stock Name ICONIC
Date Announced 04 Dec 2023
Category General Announcement for PLC
Reference Number GA1-04122023-00063