On behalf of the Board of Directors of the Company (“Board”), AmInvestment Bank Berhad, a member of AmInvestment Bank Group (“AmInvestment Bank”), wishes to announce that the Company proposes to undertake a private placement of up to 40,000,000 new ordinary shares of United States Dollar (“US$”) 0.10 each in the Company (“Placement Shares”), representing up to ten percent (10%) of the issued and paid-up share capital of XDL (“Proposed Private Placement”).
Further details of the Proposed Private Placement are set out in the attachment below.