(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 6 September 2024 in relation to the Proposals, where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcements dated 6 September 2024, 21 November 2024, 5 May 2025, 9 May 2025, 3 November 2025 and 11 November 2025 in relation to the Proposals.
On behalf of the Board, TA Securities wishes to announce that the Company has resolved to fix the issue price of the Rights Shares at RM0.04 per Rights Share ("Issue Price") and the exercise price of Warrants D at RM0.04 per Warrant D ("Exercise Price").
The Board had fixed the Issue Price after taking into consideration, amongst others, the following:
(i) the funding requirements of the Group;
(ii) the TEAP of RM0.0431 per Share, calculated based on the 5-day VWAP of MNC Shares up to and including 26 March 2026, being the last trading day prior to the date of fixing the Issue Price and the Exercise Price ("LTD"); and
(iii) the rationale for the Rights Issue with Warrants, as set out in Section 5 of the circular to Shareholders in relation to the Proposals dated 5 December 2024.
The Issue Price represents a discount of approximately 7.19% to the TEAP of RM0.0431 per Share, calculated based on the 5-day VWAP of MNC Shares up to and including the LTD, of RM0.0554 per Share and the Exercise Price of RM0.04 per Warrant D.
The Board had fixed the Exercise Price after taking into consideration, amongst others, the TEAP of the Shares.
The Exercise Price represents a discount of approximately 7.19% to the TEAP of RM0.0431 per Share, calculated based on the 5-day VWAP of MNC Shares up to and including the LTD of, RM0.0554 per Share and the Issue Price of RM0.04 per Rights Share.
This announcement is dated 27 March 2026.