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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING ADVANCE INFORMATION MARKETING BERHAD ("AIM" OR THE "COMPANY") RENOUNCEABLE RIGHTS ISSUE OF UP TO 292,662,627 NEW ORDINARY SHARES IN AIM ("AIM SHARES") ("RIGHTS SHARES") ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING AIM SHARE HELD TOGETHER WITH UP TO 195,108,418 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 3 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")

ADVANCE INFORMATION MARKETING BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
ADVANCE INFORMATION MARKETING BERHAD ("AIM" OR THE "COMPANY")

RENOUNCEABLE RIGHTS ISSUE OF UP TO 292,662,627 NEW ORDINARY SHARES IN AIM ("AIM SHARES") ("RIGHTS SHARES") ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING AIM SHARE HELD TOGETHER WITH UP TO 195,108,418 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 3 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")
We refer to the announcements made on 21 November 2022, 22 November 2022, 18 January 2023, 7 February 2023, 3 March 2023, 6 June 2023 and 4 July 2023 in relation to the Rights Issue (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that:

(i)      the Board has on 15 November 2023 (“Price-Fixing Date”), resolved to fix the following:

(a)     issue price of the Rights Shares at RM0.08 each, which is at a discount of RM0.0207 or 20.56% to the TEAP of RM0.1007, calculated based on the 5D-VWAP up to and including 14 November 2023 (being the last trading day prior to the Price-Fixing Date (“LTD”)) of RM0.2043; and

(b)     exercise price of the Warrants at RM0.08, which is at a discount of RM0.0207 or 20.56% to the TEAP of RM0.1007, calculated based on the 5D-VWAP up to and including the LTD of RM0.2043; and

(ii)     the Company has on 15 November 2023, executed the following:

(a)     the deed poll constituting the Warrants (“Deed Poll”); and

(b)     the underwriting agreement with TA Securities (“Underwriter”) for the underwriting of 6,250,000 Rights Shares together with 4,166,666 Warrants pursuant to the Rights Issue by the Underwriter, representing 10% of the issue size of the Right Issue under the Minimum Scenario (“Underwriting Agreement”).

A copy of the Deed Poll and Underwriting Agreement will be made available for inspection at the registered office of the Company at 1-10, Medan Perniagaan Pauh Jaya, Jalan Baru, 13700 Perai, Pulau Pinang, Malaysia during normal business hours from 9.00 a.m. to 5.00 p.m. from Monday to Friday (excluding public holidays) for the period of at least 6 months from the date of this announcement.

This announcement is dated 15 November 2023.





Announcement Info

Company Name ADVANCE INFORMATION MARKETING BERHAD
Stock Name AIM
Date Announced 15 Nov 2023
Category General Announcement for PLC
Reference Number GA1-15112023-00062



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