On behalf of the Board of Directors of NWP (“Board”),  TA Securities Holdings Berhad wishes to announce that the Company proposes to undertake the following:

1. a private placement of up to 43,147,800 new ordinary shares in NWP (“NWP Shares” or “Shares”) (“Placement Shares”), representing up to 10% of the total number of issued Shares in NWP (excluding treasury shares, if any) pursuant to the general mandate obtained from the Company’s shareholders (“Proposed Private Placement”) at an issue price to be determined later; and
    
2. reduction of the issued capital of NWP by RM92.00 million pursuant to Section 116 of the Companies Act 2016 (“Proposed Share Capital Reduction”).

Please refer to the attachment for further details of the Proposals.

This announcement is dated 13 October 2020.