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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING TALAM TRANSFORM BERHAD ("TALAM" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN TALAM ("PROPOSED PRIVATE PLACEMENT")

TALAM TRANSFORM BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
TALAM TRANSFORM BERHAD ("TALAM" OR "COMPANY") 

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN TALAM ("PROPOSED PRIVATE PLACEMENT")

On behalf of the Board of Directors of Talam (“Board”), M & A Securities Sdn Bhd (“M&A Securities”) wishes to announce that the Company proposes to undertake a private placement of up to 10% of the total number of issued ordinary shares in Talam (“Talam Shares” or “Shares”), (excluding treasury shares, if any), at any point in time, at an issue price to be determined and fixed at a later date (“Proposed Private Placement”).

The Proposed Private Placement will be undertaken in accordance with the general mandate pursuant to Sections 75 and 76 of the Companies Act 2016 (“Act”) which was obtained from the shareholders of the Company at its 98th Annual General Meeting (“AGM”) convened on 26 September 2023, whereby the Board had been authorised to allot and issue new Talam Shares not exceeding 10% of the total number of issued Shares (“General Mandate”). Pursuant to the General Mandate obtained from the Company’s shareholders, the shareholders have agreed to waive the statutory pre-emptive rights of the shareholders of Talam under Section 85 of the Act, read together with Clause 12 of the Constitution of the Company, to be offered new Shares ranking equally with existing issued Shares arising from any issuance of new Shares pursuant to the General Mandate.

Kindly refer to the attachment for further details on the Proposed Private Placement.

This announcement is dated 26 April 2024.




Please refer attachment below.



Announcement Info

Company Name TALAM TRANSFORM BERHAD
Stock Name TALAMT
Date Announced 26 Apr 2024
Category General Announcement for PLC
Reference Number GA1-25042024-00070



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