[MAXIM] Acquisitions on 03-Nov-2020

Stock
[MAXIM]: MAXIM GLOBAL BERHAD
Announcement Date
03-Nov-2020
Listing Date
04-Nov-2020
New Type/Class?
No
Type
Acquisitions
Details
(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 shared issued
469,387,755
Issue Price
Malaysian Ringgit (MYR) 0.245
Par Value
0.000
Total NOSH
1,253,149,147
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