MULTIPLE PROPOSALS HANDAL ENERGY BERHAD ("HANDAL" OR "COMPANY") (i) PROPOSED PRIVATE PLACEMENT I; (ii) PROPOSED PRIVATE PLACEMENT II; (iii) PROPOSED ESOS; AND (iv) PROPOSED SHARE CAPITAL REDUCTION (COLLECTIVELY, THE "PROPOSALS")
| HANDAL ENERGY BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | HANDAL ENERGY BERHAD ("HANDAL" OR "COMPANY")
(i) PROPOSED PRIVATE PLACEMENT I;
(ii) PROPOSED PRIVATE PLACEMENT II;
(iii) PROPOSED ESOS; AND
(iv) PROPOSED SHARE CAPITAL REDUCTION
(COLLECTIVELY, THE "PROPOSALS") |
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We refer to the announcements made on 10 September 2025, 12 September 2025 and 7 November 2025 in relation to amongst others, the Proposed Private Placement I (“Announcements”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.
On behalf of the Board, TA Securities wishes to announce that Bursa Securities has, vide its letter dated 11 November 2025, approved the listing and quotation of up to 59,680,000 Placement Shares to be issued pursuant to the Proposed Private Placement I subject to the following conditions:
(i) TA Securities to furnish Bursa Securities with details of the proposed placee(s) as per Paragraph 6.15 of the Listing Requirements for Bursa Securities’ clearance, prior to the issuance/allotment of the Placement Shares;
(ii) Confirmation by TA Securities on the compliance with the 25% of the public shareholding spread requirements pursuant to Paragraph 8.02(1) of the Listing Requirements upon the listing and quotation of the Placement Shares;
(iv) TA Securities and Handal must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Private Placement I;
(vi) TA Securities to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement I is completed; and
(vii) Payment of additional listing fee, if any, based on the final issue price together with a copy of the details of the computation of the amount of listing fees payable (if applicable). This announcement is dated 11 November 2025.
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Announcement Info
| Company Name | HANDAL ENERGY BERHAD |
| Stock Name | HANDAL |
| Date Announced | 11 Nov 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11112025-00031 |