outcome of board meeting held on September 29, 2025
Awaiting price reaction for this filing.
The company has postponed its Extraordinary General Meeting (EGM), which was originally scheduled for October 18, 2025, to consider and approve a preferential issue of securities. Along with the postponement, the Board of Directors has also decided to revise certain terms of the proposed preferential issue, including the issue price, relevant date, and related matters. The revised EGM date, time, venue, and updated preferential issue terms will be communicated to the stock exchanges through a fresh EGM notice in due course. The board meeting concluded at 2:09 PM on September 29, 2025.
The postponement and revision of preferential issue terms introduces short-term uncertainty for shareholders awaiting clarity on the capital raise. Existing shareholders may face potential dilution once revised terms are finalized, and the change in issue price could affect the attractiveness of the preferential allotment. Investors should watch for the fresh EGM notice to assess the updated terms.