OMESTI

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MULTIPLE PROPOSALS OMESTI BERHAD ("OMESTI" OR "COMPANY") (I) PROPOSED CREDITOR SETTLEMENT; (II) PROPOSED RPS SETTLEMENT; (III) PROPOSED RIGHTS ISSUE WITH WARRANTS; (IV) PROPOSED PRIVATE PLACEMENT; AND (V) PROPOSED SHARE CAPITAL REDUCTION (COLLECTIVELY, REFERRED TO AS THE "PROPOSALS")

OMESTI BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
OMESTI BERHAD ("OMESTI" OR "COMPANY")

(I)	PROPOSED CREDITOR SETTLEMENT;
(II)	PROPOSED RPS SETTLEMENT;
(III)	PROPOSED RIGHTS ISSUE WITH WARRANTS; 
(IV)	PROPOSED PRIVATE PLACEMENT; AND
(V)	PROPOSED SHARE CAPITAL REDUCTION

(COLLECTIVELY, REFERRED TO AS THE "PROPOSALS")

References are made to the announcements dated 6 June 2025 and 18 June 2025 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions used herein shall have the same meanings as defined in the Announcements.

On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 12 August 2025, approved the following:

1. admission to the Official List of Bursa Securities and the listing of and quotation for up to 315,614,428 Warrants D to be issued pursuant to the Proposed Rights Issue with Warrants; and

2. listing of and quotation for the following on the Main Market of Bursa Securities:

   (i) up to 789,036,071 Rights Shares;

   (ii) up to 315,614,428 new Shares to be issued arising from the exercise of Warrants D;

   (iii) up to 42,145,656 Additional Warrants C;

   (iv) up to 42,145,656 new Shares to be issued arising from the exercise of Additional Warrants C;

   (v) up to 85,000,000 Creditor Settlement Shares;

   (vi) up to 1,064,413,670 RPS Settlement Shares; and

   (vii) up to 456,465,000 Placement Shares.

​The approval granted by Bursa Securities on the Proposals is subject to the following conditions:

1. Omesti and TA Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposals;

2. Omesti and TA Securities to inform Bursa Securities upon completion of the Proposals;

3. Omesti and TA Securities to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals are completed;

4. Omesti and TA Securities are required to provide written confirmation that the terms of the Warrants D are in compliance with Paragraph 6.54(3) of the Listing Requirements;

5. Omesti to furnish Bursa Securities with a certified true copy of the resolution passed by shareholders of the Company in general meeting approving the Proposals, and RPS holders of the Company in RPS holders’ meeting approving the Proposed RPS Settlement and Proposed Share Capital Reduction;

6. Omesti must ensure compliance with public shareholding spread requirements pursuant to Paragraph 8.02(1) of the Listing Requirements upon completion of the Proposed Creditor Settlement, Proposed RPS Settlement, Proposed Rights Issue with Warrants and Proposed Private Placement;

7. Omesti must observe and ensure full compliance with Paragraph 6.50 of the Listing Requirements at all times;

8. Omesti to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of the Warrants D as at the end of each quarter together with a detailed computation of listing fees payable; and

9. additional listing fee payable based on the final issue price together with a copy of the details of the computation of the amount of listing fees payable (where applicable).


This announcement is dated 13 August 2025.

 






Announcement Info

Company Name OMESTI BERHAD
Stock Name OMESTI
Date Announced 13 Aug 2025
Category General Announcement for PLC
Reference Number GA1-13082025-00053