MAGMA

0.285

+0.005 (+1.8%)

OTHERS MAGMA GROUP BERHAD ("MAGMA" OR THE "COMPANY") PROPOSED SET-OFF OF REDEMPTION PRICE PURSUANT TO THE REDEMPTION OF 47,712,000 OUTSTANDING REDEEMABLE NON-CONVERTIBLE PREFERENCE SHARES IN MAGMA ("RPS") AMOUNTING TO RM47,712,000 PAYABLE TO THE RPS HOLDER VIA THE ISSUANCE OF 166,417,858 NEW ORDINARY SHARES IN MAGMA ("MAGMA SHARE(S)" OR "SHARE(S)") ("SUBSCRIPTION SHARE(S)") AT AN ISSUE PRICE OF RM0.2867 PER SUBSCRIPTION SHARE ("PROPOSED RPS SET-OFF")

MAGMA GROUP BERHAD

Type Announcement
Subject OTHERS
Description 
MAGMA GROUP BERHAD ("MAGMA" OR THE "COMPANY")

PROPOSED SET-OFF OF REDEMPTION PRICE PURSUANT TO THE REDEMPTION OF 47,712,000 OUTSTANDING REDEEMABLE NON-CONVERTIBLE PREFERENCE SHARES IN MAGMA ("RPS") AMOUNTING TO RM47,712,000 PAYABLE TO THE RPS HOLDER VIA THE ISSUANCE OF 166,417,858 NEW ORDINARY SHARES IN MAGMA ("MAGMA SHARE(S)" OR "SHARE(S)") ("SUBSCRIPTION SHARE(S)") AT AN ISSUE PRICE OF RM0.2867 PER SUBSCRIPTION SHARE ("PROPOSED RPS SET-OFF")

On behalf of the Board of Directors of Magma ("Board"), RHB Investment Bank Berhad ("RHB Investment Bank") wishes to announce that Magma has entered into a letter of agreement for the redemption of RPS ("Letter of Agreement") with Skyload Express Sdn Bhd ("Skyload" or the "RPS Holder") on 29 April 2026, and proposes to undertake the Proposed RPS Set-Off.

 

Please refer to the attachment for further details of the Proposed RPS Set-Off.

 

This announcement is dated 29 April 2026.


Please refer attachment below.

Attachments

Magma - Initial Announcement (29 April 26).pdf
205.8 kB


Announcement Info

Company Name MAGMA GROUP BERHAD
Stock Name MAGMA
Date Announced 29 Apr 2026
Category General Announcement for PLC
Reference Number GA1-29042026-00032


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