TIDMASPL
RNS Number : 7754U
Aseana Properties Limited
30 March 2023
THIS ANNOUNCEMENT, INCLUDING THE INFORMATION CONTAINED HEREIN,
IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH
AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS
ANNOUNCEMENT.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT
CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN
OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW SHARES OF
ASEANA PROPERTIES LIMITED IN THE UNITED STATES, CANADA, JAPAN,
AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION
IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL.
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE RETAINED EU
LAW VERSION OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014 (THE
"UK MAR") WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018. THE INFORMATION IS DISCLOSED IN ACCORDANCE
WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF THE UK MAR. UPON
THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS
NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
30 March 2023
Aseana Properties Limited
("Aseana" or the "Company")
Proposed Sale of Treasury Shares
Aseana Properties Limited (LSE: ASPL), a property developer in
Malaysia which is listed on the Main Market of the London Stock
Exchange, announces its intention to raise funds by way of a
private placement of the shares of US$0.05 each in the capital of
the Company currently held in treasury by the Company (the
"Treasury Shares") (the "Treasury Share Sale").
The Treasury Shares represent 6.7 per cent. of the issued share
capital of the Company and the Company intends to use the net
proceeds from the Treasury Share Sale for general working capital
purposes and to repay its debt obligations as they arise.
The Treasury Share Sale will be effected by way of a private
placement which will be launched immediately following this
announcement (the "Private Placement"). The final number of
Treasury Shares to be sold and the price at which the Treasury
Shares are to be sold will be agreed by the Company at the close of
the Private Placement process. The timing of the closing of the
Private Placement and the distribution of allocations are at the
discretion of the Company and a further announcement confirming
these details is expected to be made in due course. The Company
reserves the right to close the Private Placement without further
notice. There can be no certainty that the Treasury Share Sale will
complete.
For further information:
Aseana Properties Limited
Nick Paris, Non-Executive Chairman nickparis@btinternet.com
+44(0)7738 470550
Grant Thornton UK LLP
Philip Secrett / George Grainger +44(0)20 7383 5100
Important Notice:
MEMBERS OF THE GENERAL PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN
THE TREASURY SALE. THIS ANNOUNCEMENT AND ANY OFFER OF SECURITIES TO
WHICH IT RELATES ARE ONLY ADDRESSED TO AND DIRECTED AT (1) IN ANY
MEMBER STATE OF THE EUROPEAN ECONOMIC AREA AND THE UNITED KINGDOM,
PERSONS WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF ARTICLE
2(1)(E) OF EU DIRECTIVE 2003/71/EC AND ANY RELEVANT IMPLEMENTING
MEASURES, AS ADOPTED IN THE UNITED KINGDOM VIA THE UK VERSION OF
THE PROSPECTUS REGULATIONS WHICH IS PART OF UK LAW BY VIRTUE OF THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018, (THE "PROSPECTUS DIRECTIVE");
(2) IN THE UNITED KINGDOM, PERSONS WHO (I) HAVE PROFESSIONAL
EXPERIENCE IN MATTERS RELATING TO INVESTMENTS WHO FALL WITHIN
ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000
(FINANCIAL PROMOTION) ORDER 2005 (AS AMENDED) (THE "ORDER"); OR
(II) FALL WITHIN ARTICLE 49(2)(A) TO (D) OF THE ORDER OR (III) ARE
PERSONS TO WHOM AN OFFER OF THE TREASURY SHARES MAY OTHERWISE
LAWFULLY BE MADE; OR (3) OTHER PERSONS TO WHOM IT MAY LAWFULLY BE
COMMUNICATED (ALL SUCH PERSONS REFERRED TO IN (1), (2) AND (3)
TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS"). THE INFORMATION
REGARDING THE TREASURY SALE SET OUT IN THIS ANNOUNCEMENT MUST NOT
BE ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS.
ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT
RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED
IN ONLY WITH RELEVANT PERSONS.
The Treasury Shares have not been, and will not be, registered
under the US Securities Act of 1933, as amended (the "Securities
Act"), or under the securities laws of any State or other
jurisdiction of the United States, and, absent registration, may
not be offered or sold in the United States (as defined in
Regulation S under the Securities Act) except pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and the securities
laws of any relevant State or other jurisdiction of the United
States. There will be no public offering of the Treasury Shares in
the United States or elsewhere.
The Treasury Shares have not been approved or disapproved by the
US Securities and Exchange Commission, any state securities
commission or other regulatory authority in the United States, nor
have any of the foregoing authorities passed upon or endorsed the
merits of the Treasury Sale or the accuracy or adequacy of this
announcement. Any representation to the contrary is a criminal
offence in the United States.
No prospectus or offering document has been or will be prepared
in connection with the Treasury Sale. Any investment decision to
buy securities in the Treasury Sale must be made solely on the
basis of publicly available information. Such information is not
the responsibility of and has not been independently verified by
the Company or any of their respective affiliates.
Neither this announcement nor any copy of it may be taken,
transmitted or distributed, directly or indirectly, in or into or
from the United States (including its territories and possessions,
any State of the United States and the District of Columbia),
Australia, Canada, the Republic of South Africa or Japan. Any
failure to comply with this restriction may constitute a violation
of US, Australian, Canadian, South African or Japanese securities
laws.
The distribution of this announcement and the offering or sale
of the Treasury Shares in certain jurisdictions may be restricted
by law. No action has been taken by the Company or any of their
respective affiliates that would, or which is intended to, permit a
public offer of the Treasury Shares in any jurisdiction, or
possession or distribution of this announcement or any other
offering or publicity material relating to the Treasury Shares, in
any jurisdiction where action for that purpose is required. Persons
into whose possession this announcement comes are required by the
Company to inform themselves about and to observe any applicable
restrictions.
No reliance may be placed, for any purposes whatsoever, on the
information contained in this announcement or on its completeness
and this announcement should not be considered a recommendation by
the Company or any of their respective affiliates in relation to
any purchase of or subscription for securities of the Company. No
representation or warranty, express or implied, is given by or on
behalf of the Company or any of their respective directors,
partners, officers, employees, advisers or any other persons as to
the accuracy, fairness or sufficiency of the information or
opinions contained in this announcement and none of the information
contained in this announcement has been independently verified.
Save in the case of fraud, no liability is accepted for any errors,
omissions or inaccuracies in such information or opinions.
References to time in this announcement are to London time,
unless otherwise stated. All times and dates in this announcement
may be subject to amendment.
Neither the content of the Company's website nor any website
accessible by hyperlinks on the Company's website is incorporated
in, or forms part of, this announcement.
This information is provided by RNS, the news service of the
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END
POSKZGFFRGGGFZG
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March 30, 2023 04:52 ET (08:52 GMT)
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