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    AIRASIA   MYL5099OO006

AIRASIA GROUP BERHAD

(AIRASIA)
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New Issue of Securities (Chapter 6 Of Listing Requirements) : Fund Raising

11/18/2021 | 07:53pm EST
BackNov 18, 2021
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description

AIRASIA GROUP BERHAD ("AAGB" OR THE "COMPANY") RENOUNCEABLE RIGHTS ISSUE OF REDEEMABLE CONVERTIBLE UNSECURED ISLAMIC DEBT SECURITIES ("RIGHTS ISSUE")

(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 12 July 2021.)

We refer to the announcements dated 12 July 2021, 19 August 2021, 14 September 2021, 18 October 2021, 25 October 2021, 26 October 2021, 27 October 2021 and 11 November 2021 in relation to the Rights Issue.

On behalf of the Board, RHBIB wishes to announce that the Board has today, fixed the Exercise Price of the Warrants at RM1.00 each, being the lower of:

(a) RM1.00 per Warrant; or

(b) RM1.41 per Warrant, being an amount equivalent to approximately 20% premium to the 30-day VWAP of AAGB Shares up to and including 17 November 2021, being the last trading date prior to the announcement of the Entitlement Date, of RM1.1763.

RHBIB also wishes to announce that the Company has today, entered into, amongst others, the following agreements:

(i) the Trust Deed constituting the RCUIDS with Malaysian Trustees Berhad;

(ii) the Deed Poll constituting the Warrants; and

(iii) an underwriting agreement with RHBIB, being the Managing Underwriter and Joint Underwriter, and Kenanga Investment Bank Berhad, being the Joint Underwriter ("Underwriting Agreement") to underwrite RM717,241,950 in nominal value of RCUIDS, representing 100% of the Open Portion, subject to the terms and conditions of the Underwriting Agreement.

This announcement is dated 18 November 2021.

Announcement Info
Company Name AIRASIA GROUP BERHAD
Stock Name AIRASIA
Date Announced 18 Nov 2021
Category General Announcement for PLC
Reference Number GA1-16112021-00112

Disclaimer

AirAsia Group Berhad published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2021 00:52:05 UTC.


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Sales 2021 1 325 M 317 M 317 M
Net income 2021 -2 593 M -620 M -620 M
Net Debt 2021 14 474 M 3 461 M 3 461 M
P/E ratio 2021 -0,91x
Yield 2021 -
Capitalization 2 555 M 611 M 611 M
EV / Sales 2021 12,9x
EV / Sales 2022 2,32x
Nbr of Employees 21 059
Free-Float 54,4%
Chart AIRASIA GROUP BERHAD
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AirAsia Group Berhad Technical Analysis Chart | AIRASIA | MYL5099OO006 | MarketScreener
Technical analysis trends AIRASIA GROUP BERHAD
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 17
Last Close Price 0,62 MYR
Average target price 0,88 MYR
Spread / Average Target 42,5%
EPS Revisions
Managers and Directors
Anthony Francis Fernandes Group CEO & Non-Independent Executive Director
Pattra Boosarawongse Group Chief Financial Officer
Kamarudin bin Meranun Non-Independent Non-Executive Chairman
Kin Choy Lau Group Head-Information & Communication Technology
Nadzri Hashim Head-Engineering
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