The information set out below is disclosed in compliance with the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Malaysia”) for the financial year ended 31 December 2021 (“Financial Year”) for Capital A Berhad (formerly known as AirAsia Group Berhad) (“Capital A” or “the Company”):- UTILISATION OF PROCEEDS FROM CORPORATE PROPOSALS PRIVATE PLACEMENT The Company had at its Fourth Annual General Meeting held on 22 July 2021 (“4th AGM”) obtained its shareholders’ approval on the general mandate for issuance of shares by the Company pursuant to Sections 75 and 76 of the Companies Act, 2016 (“Act”) as well as the Additional Temporary Relief Measures to listed corporations for Covid-19, issued by Bursa Malaysia via its letter dated 16 April 2020, for the Board of Directors of the Company to issue ordinary shares in the Company at their discretion provided that the aggregate number of shares issued does not exceed 20% of the total number of issued shares (excluding treasury shares) of the Company at any point of time, inclusive of the extended utilisation period until 31 December 2021, unless revoked or varied by an ordinary resolution of the Company at a general meeting (“20% General Mandate”). Pursuant to the 20% General Mandate obtained at the 4th AGM, the Company had on 21 January 2021 announced the private placement of up to 668,394,816 new ordinary shares (“Placement Shares”) in the Company, representing up to 20% of the Company’s enlarged issued share capital, which was done in the following tranches:- (a) the Company completed the listing of and quotation for 369,846,852 units of Placement Shares on the Main Market of Bursa Malaysia on 19 February 2021; (b) the Company completed the listing of and quotation for 100,367,362 units of Placement Shares on the Main Market of Bursa Malaysia on 17 March 2021. The Company had on 30 December 2021 announced that it decided not to place out the remaining Placement Shares of the Private Placement. As such, the Private Placement was deemed completed. As at 31 March 2022, the Company had fully utilised the total gross proceeds of RM336.5 million, as detailed in the following table: Proposed utilisation of proceeds Proposed Utilisation RM’000 Actual Raised RM’000 Actual Utilisation RM’000 Balance RM’000 Expected timeframe for utilisation (from the date of listing of Placement Shares) Fuel hedging settlement 146.6 108.5 108.5 0 Fully utilised Aircraft lease and maintenance payments 95.2 70.5 70.5 0 Fully utilised AirAsia Digital Sdn. Bhd. business units’ development costs, product & market expansion costs, and marketing expenses 77.0 57.0 57.0 0 Fully utilised General working capital expenses 135.5 100.3 100.3 0 Fully utilised Estimated expenses for the Private Placement 0.2 0.2 0.2 0 Fully utilised Total# 454.5 336.5 336.5 0 Notes: # The actual amount of proceeds raised from the Private Placement depends on, amongst others, the actual issue price and the number of Placement Shares issued. The Company allocated the utilisation of proceeds in the same weightage as set out in the announcement on the proposed utilisation. C O R P O R A T E G O V E R N A N C E A N N U A L R E P O R T 2 0 2 1 1 8 5 Additional Compliance Information
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