On behalf of the Board of Directors of Nexgram ("Board"), TA Securities Holdings Berhad ("TA Securities") wishes to announce that the Company intends to revise the structure of the Proposals (as previously announced by the Company on 7 August 2024 and 11 June 2025). The details of the revised structure of the Proposals are set out in Section 1 of the attachment.
The sequence of events is as follows:
(i) On 4 October 2024, the listing application in relation to the corporate exercises announced on 7 August 2024 was submitted to Bursa Securities. The listing application was subsequently withdrawn on 27 March 2025;
(ii) On 14 August 2025, the Company announced that the listing application in relation to the Proposed Bonus Issue of Warrants E, Proposed Part Settlement of RCPS and Proposed Debt Settlement has been submitted to Bursa Securities on 13 August 2025. The listing application was later withdrawn on 14 November 2025, with a revised listing application to be submitted upon completion of the Private Placement 2025; and
(iii) On 11 December 2025, the Company completed the Private Placement 2025 following the allotment and issuance of the placement shares in relation to the Private Placement 2025. On 4 February 2026, the Board announced that TA Securities had been appointed as the replacement adviser for the abovementioned proposals and any revisions thereto.
Please refer to the attachment for further details of the Proposals.
This announcement is dated 1 April 2026.