Additional Listing Announcement /Subdivision of Shares

ICON OFFSHORE BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Special Issue
Details of corporate proposal Proposed Acquisition of 525,000 Ordinary Shares in Regulus Offshore Sdn Bhd (“Regulus Offshore”), representing 70% of the issued share capital of Regulus Offshore, and 25,000,000 outstanding Non-Convertible Redeemable Preference Shares in Regulus Offshore, by Icon Offshore Berhad from Yinson Offshore Services Sdn Bhd for a purchase consideration of RM136.0 million to be wholly satisfied via issuance of 154,545,455 new Ordinary Shares in Icon Offshore Berhad (“Consideration Shares”) at an issue price of RM0.88 per Consideration Share
No. of shares issued under this corporate proposal 154,545,455
Issue price per share Malaysian Ringgit (MYR)   0.8800
Par Value (if applicable)  
Latest issued share capital after the above corporate proposal in the following
Units 778,159,106
Issued Share Capital Malaysian Ringgit (MYR) 520,400,709.000
Listing Date 31 Jan 2025

2. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Special Issue
Details of corporate proposal Proposed Acquisition of 1 Ordinary Share in Yinson Camellia Sdn Bhd (“Yinson Camellia”), representing 100% of the issued share capital of Yinson Camellia, by Icon Offshore Berhad from Yinson Offshore Services Sdn Bhd for a purchase consideration of RM24.0 million to be wholly satisfied via issuance of 27,272,727 new Ordinary Shares in Icon Offshore Berhad (“Consideration Shares”) at an issue price of RM0.88 per Consideration Share
No. of shares issued under this corporate proposal 27,272,727
Issue price per share Malaysian Ringgit (MYR)   0.8800
Par Value (if applicable)  
Latest issued share capital after the above corporate proposal in the following
Units 805,431,833
Issued Share Capital Malaysian Ringgit (MYR) 547,127,982.000
Listing Date 31 Jan 2025


Announcement Info

Company Name ICON OFFSHORE BERHAD
Stock Name ICON
Date Announced 28 Jan 2025
Category Additional Listing Announcement /Subdivision of Shares
Reference Number ALA-23012025-00006