Description |
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,124,706,544 NEW ORDINARY SHARES IN ICONIC (ICONIC SHARE(S) or SHARE(S)) (RIGHTS
SHARES) ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD, TOGETHER WITH UP TO 749,804,362 FREE DETACHABLE WARRANTS IN
ICONIC (WARRANTS) ON THE BASIS OF 2 WARRANTS FOR EVERY 3 RIGHTS SHARES SUBSCRIBED BY THE ENTITLED SHAREHOLDERS OF THE COMPANY
ON THE ENTITLEMENT DATE TO BE DETERMINED (PROPOSED RIGHTS ISSUE WITH FREE WARRANTS)
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Description |
PROPOSED EXEMPTION UNDER PARAGRAPH 4.08(1)(B) AND 4.08(1)(C) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS
ISSUED BY THE SECURITIES COMMISSION MALAYSIA (SC) (RULES) TO DATO SERI TAN KEAN TET AND ANY PERSONS ACTING IN CONCERT (PACs)
WITH HIM FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER ON THE REMAINING ORDINARY SHARES IN ICONIC NOT ALREADY
OWNED BY THEM, PURSUANT TO THE UNDERTAKING BY DATO SERI TAN KEAN TET AND MODERN REWARDS SDN BHD (BEING A PAC TO DATO SERI TAN
KEAN TET) TO SUBSCRIBE FOR THE RIGHTS SHARES (INCLUDING EXCESS RIGHTS SHARES) (UNDERTAKINGS) AND EXERCISE OF WARRANTS BY DATO
SERI TAN KEAN TET AND MODERN REWARDS SDN BHD (PROPOSED EXEMPTION)
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