On behalf of the Board of Directors of Omesti (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the following:
(i) proposed settlement of debts amounting to RM8,500,000 owing by Omesti to Microlink Solutions Berhad, an indirect 25.77%-owned associated company of Omesti through the issuance of up to 85,000,000 new ordinary shares in Omesti (“Omesti Shares” or “Shares”) at an issue price to be determined and announced later by the Board (“Proposed Creditor Settlement”);
(ii) proposed settlement of redeemable preference shares in Omesti (“RPS”) amounting to RM106,441,367 owing by Omesti to the holders of RPS through the issuance of up to 1,064,413,670 new Shares at an issue price to be determined and announced later by the Board (“Proposed RPS Settlement”);
(iii) proposed renounceable rights issue of up to 789,036,071 new Shares (“Rights Shares”) on the basis of 1 Rights Share for every 1 existing Share, at an issue price and held on an entitlement date to be determined and announced later, together with up to 315,614,428 free detachable warrants in Omesti (“Warrants D”) on the basis of 2 Warrants D for every 5 Rights Shares subscribed for (“Proposed Rights Issue with Warrants”);
(iv) proposed private placement of up to 456,465,000 new Shares, representing up to 15% of the total enlarged number of issued Shares (excluding treasury shares, if any), to third party investor(s) at an issue price to be determined and announced later (“Proposed Private Placement”); and
(v) proposed reduction of RM200,000,000 of the issued share capital of Omesti pursuant to Section 116 of the Companies Act 2016 (“Proposed Share Capital Reduction”).
Please refer to the attachment for further details on the Proposals.
This announcement is dated 6 June 2025. |