Circulars

7 December 2023
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: PART A - (i) PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN GOLDENLUCK DEVELOPMENT SDN BHD FROM DATO SERI TAN KEAN TET AND TAN SEOK YING FOR A CASH CONSIDERATION OF RM39.80 MILLION ("PURCHASE CONSIDERATION") ("PROPOSED ACQUISITION"); (ii) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,124,706,544 NEW ORDINARY SHARES IN ICONIC WORLDWIDE BERHAD ("ICONIC") ("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 AND AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE WITH FREE WARRANTS"); AND (iii) PROPOSED EXEMPTION UNDER PARAGRAPHS 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 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 TO SUBSCRIBE FOR THE RIGHTS SHARES (INCLUDING EXCESS RIGHTS SHARES) ("UNDERTAKING") AND EXERCISE OF WARRANTS BY DATO SERI TAN KEAN TET AND HIS PAC ("PROPOSED EXEMPTION"); PART B - INDEPENDENT ADVICE LETTER TO THE NON-INTERESTED SHAREHOLDERS OF ICONIC IN RELATION TO THE PROPOSED ACQUISITION AND THE PROPOSED EXEMPTION; AND NOTICE OF EXTRAORDINARY GENERAL MEETING
28 July 2023
PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE