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Additional Listing Announcement /Subdivision of Shares

TADMAX RESOURCES BERHAD

1. Details of Corporate Proposal

Involve issuance of new type/class of securities ? No
Types of corporate proposal Acquisitions
Details of corporate proposal (I) PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN MAJESTIC MAXIM SDN BHD BY TADMAX RESOURCES BERHAD ("TADMAX" OR "COMPANY") FROM MAXIM HOLDINGS SDN BHD ("MAXIM HOLDINGS") FOR A CONSIDERATION OF RM115 MILLION TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF 469,387,755 NEW ORDINARY SHARES IN TADMAX ("TADMAX SHARES") AT AN ISSUE PRICE OF RM0.245 PER TADMAX SHARE; AND (II) PROPOSED EXEMPTION UNDER PARAGRAPH 4.08(1)(A) OF THE RULES ON TAKEOVERS, MERGERS, AND COMPULSORY ACQUISITIONS TO MAXIM HOLDINGS AND PERSONS ACTING IN CONCERT WITH IT, FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER TO ACQUIRE THE REMAINING TADMAX SHARES NOT ALREADY OWNED BY THEM AFTER THE PROPOSED ACQUISITION ("PROPOSED EXEMPTION")
No. of shares issued under this corporate proposal 469,387,755
Issue price per share ($$) Malaysian Ringgit (MYR)   0.2450
Par Value($$) (if applicable)  
Latest issued share capital after the above corporate proposal in the following
Units 1,253,149,147
Issued Share Capital ($$) Malaysian Ringgit (MYR) 452,509,683.000
Listing Date 04 Nov 2020


Remarks :
The Issued Share Capital after the Corporate Proposals of 1,253,149,147 Ordinary Shares is inclusive of 474,300 Treasury Shares.


Announcement Info

Company Name TADMAX RESOURCES BERHAD
Stock Name TADMAX
Date Announced 03 Nov 2020
Category Additional Listing Announcement /Subdivision of Shares
Reference Number ALA-03112020-00007



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