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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING ADVANCE INFORMATION MARKETING BERHAD ("AIM" OR "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 "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, 4 July 2023, 15 November 2023 and 29 November 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 as at the close of acceptance, excess application and payment for the Rights Issue at 5.00 p.m. on 14 December 2023 (“Closing Date”), the Company had received valid acceptances and excess applications for a total of 388,937,455 Rights Shares, representing a subscription rate of 132.90% of the Rights Shares available for subscription under the Rights Issue, which represents an over-subscription rate of 32.90%.

The details of valid acceptances and excess applications received as at the Closing Date are as follows:
 
No. of Rights Shares
% of total Rights Shares available for subscription 
Total valid acceptances
277,203,946
94.72
Total valid excess applications
111,733,509
38.18
Total valid acceptances and excess applications
388,937,455
132.90
Total Rights Shares available for subscription
292,662,627
100.00
Over-subscription
96,274,828
32.90
The successful applicants for the Rights Shares will be issued with Warrants on the basis of 2 Warrants for every 3 Rights Shares subscribed for.

The Board has allotted the excess Rights Shares with Warrants in a fair and equitable manner in the following priority in accordance with the Abridged Prospectus in relation to the Rights Issue dated 29 November 2023:

(i) firstly, to minimise the incidence of odd lots;

(ii) secondly, on a pro-rata basis and in board lots, to the Entitled Shareholders who have applied for excess Rights Shares with Warrants, taking into consideration their respective shareholdings in the Company as at the Entitlement Date;

(iii) thirdly, on a pro-rata basis and in board lots, to the Entitled Shareholders who have applied for excess Rights Shares with Warrants, taking into consideration the quantum of their respective excess Rights Shares applications; and

(iv) lastly, on a pro-rata basis and in board lots, to the renouncee(s) and/or transferee(s) who have applied for excess Rights Shares with Warrants, taking into consideration the quantum of their respective excess Rights Shares applications.

The excess Rights Shares with Warrants have firstly been allocated to minimise the odd lots held by each applicant of excess Rights Shares with Warrants. Thereafter, the allocation process performed items (ii), (iii) and (iv) in succession. The remaining balance of excess Rights Shares with Warrants have been allocated by performing the same sequence of allocation i.e., items (ii), (iii) and (iv) again in succession until all excess Rights Shares with Warrants have been allotted.

The Rights Shares with Warrants are expected to be listed and quoted on the ACE Market of Bursa Securities on 28 December 2023.

This announcement is dated 19 December 2023.





Announcement Info

Company Name ADVANCE INFORMATION MARKETING BERHAD
Stock Name AIM
Date Announced 19 Dec 2023
Category General Announcement for PLC
Reference Number GA1-19122023-00043



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