Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
The cash call comprised the issuance of 315.63 million placement shares — representing 10% of the share base — that generated proceeds of RM116.89 million, based on issue prices of 36 sen to 40.01 sen.
DNeX said all RM116.89 million raised had been utilised as April 30, with RM113.05 million going into the expansion of its energy segment and RM3.85 million in defraying the exercise’s expenses.
UOB Kay Hian Securities (M) Sdn Bhd has been appointed as the principal adviser for the bonus issue, which is expected to be completed by the third quarter.
DNeX also plans to modify its ESOS into a long-term incentive plan, which will still include the ESOS but will be supplemented with a share grant plan.
DNeX noted it had not undertaken any fundraising exercises in the past 12 months. Its most recent exercise was a private placement proposed in September 2023 and completed in June 2024.
The maximum scenario assumes the maximum number of new DNeX shares allowed to be issued under an employee share option scheme (ESOS) — 5% of the share base — are issued prior to the bonus issue’s implementation.
The minimum scenario assumes no shares are issued under the ESOS prior to the exercise’s implementation. The full exercise of the 1.16 billion warrants under the minimum scenario is expected to raise RM219.89 million.
Assuming the full exercise of the 1.21 billion warrants under the maximum scenario, DNeX is expected to raise RM230.82 million in proceeds to fund its working capital requirements.
The maximum scenario assumes the maximum number of new DNeX shares allowed to be issued under an employee share option scheme (ESOS) — 5% of the share base — are issued prior to the bonus issue’s implementation.
It won't happen like serbadk, because sapnrg got help RM1. 1 billion from government, if saprng happen like serbadk, it will effect PH/PKR votes at PRU 16. Because of THE government careless
KUALA LUMPUR (May 9): Dagang NeXchange Bhd (KL:DNEX) has proposed to undertake a bonus issue of up to 1.21 billion warrants, on the basis of one warrant for every three shares held by shareholders.
An exercise price of 19 sen per warrant has been fixed with an entitlement date to be announced later, the group said in a bourse filing on Friday. It represents a discount of 29.6% to the five-day volume weighted average market price up to and including Thursday, May 8.