REG - Aseana Prop Ltd - Update re Subscription, Prospectus & TVR

Aseana PropertiesAnnouncement

22/12/2025 09:15

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RNS Number : 4637M  Aseana Properties Limited  22 December 2025

22 December 2025

 

Aseana Properties Limited

(the "Company" or "Aseana")

 

Update re Subscription, total voting rights and update re prospectus

 

Update re Subscription

 

Further to the Company's announcement on 11 December 2025, Aseana Properties
Limited (LSE: ASPL), a property developer in Malaysia listed on the main
market of the London Stock Exchange (the "LSE"), confirms the allotment and
issue of the Subscription Shares following the passing of the Resolution by
Shareholders at the General Meeting held on 11 December 2025.

 

Total Voting Rights

 

The Company announces in compliance with the FCA's Disclosure Guidance and
Transparency Rules (the "Rules"), that as at the date of this announcement, it
has an issued share capital of 289,652,496 Ordinary Shares of US$0.05 each
with one vote per Ordinary Share, and 2 Management Shares of $0.05 each, with
one vote per Management Share.  The figure includes 81,827,501 Ordinary
Shares which are yet to be admitted to trading.

 

Therefore, the total number of voting rights in Aseana is 289,652,498 and this
figure may be used by shareholders as the denominator for the calculations by
which they can determine if they are required to notify their interest in, or
a change to their interest in the Company under the Rules.

 

Update re prospectus and expected timetable for Admission of new Ordinary
Shares

 

The Company's ordinary shares are currently admitted to trading on the LSE. In
accordance with the requirements of the UK Prospectus Regulation, the Company
is currently prohibited from admitting 20 per cent. or more of its issued
ordinary share capital to trading on the same regulated market, during any
preceding twelve-month period without the publication of a prospectus. As a
result, 33,552,501 shares issued in February 2025 and the 48,275,000
Subscription Shares issued in December 2025 (together, the "Shares") require
the publication of a prospectus before being admitted to trading on the LSE.

 

From 19 January 2026, the UK Prospectus Regulation will be replaced by the
Public Offers and Admissions to Trading Regulations 2024 ("POATR"). Under
POATR, the abovementioned 20 per cent. threshold will be increased to 75 per
cent.

 

The Company was due to publish a prospectus in February 2026 but as the new
regulations will be in force at that time, and the Shares fall below the 75
per cent. threshold, the Company has received confirmation that it will no
longer be required to publish a prospectus in this regard.

 

As such, an application will be made for 81,827,501 new Ordinary Shares to be
admitted to trading on the Main Market of the London Stock Exchange and to
listing in the FCA Official List Equity Shares (transition) category
("Admission"). It is expected that such application will be made on or after
19 January 2026.

 

A further announcement with regards to the timetable for Admission will be
made by the Company in due course.

 

Unless otherwise defined, all capitalised terms used but not defined in this
announcement shall have the meaning given to them in the Circular dated 26
November 2025, a copy of which is available to view on the Company's website
at: www.aseanapropertieslimited.com.

 

Enquiries:

 

 Aseana Properties Limited
 Leong Kheng Cheong                            kc.leong@aseanapropertieslimited.com

                                             (mailto:kc.leong@aseanapropertieslimited.com)
 Lim Tian Huat

                                             tianhuat.lim@aseanapropertieslimited.com
 Dato' Dr. Thong Kok Cheong                    (mailto:tianhuat.lim@aseanapropertieslimited.com)

                                               kokcheong.thong@aseanapropertieslimited.com
                                               (mailto:kokcheong.thong@aseanapropertieslimited.com)

 Allenby Capital Limited (Financial Adviser)   +44 (0) 20 3328 5656
 Nick Naylor / Nick Athanas / Ashur Joseph

 

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