Audience Analytics Gains In-Principle Approval for Bonus Issue on SGX-ST

Singapore, January 8, 2025 – Audience Analytics Limited has announced a significant update regarding its Proposed Bonus Issue. The company has received in-principle approval from the Singapore Exchange Securities Trading Limited (SGX-ST) for the listing and quotation of up to 56,926,500 Bonus Shares on the Catalist Board of SGX-ST. This development marks an important milestone for the company and its shareholders.

Key Highlights

• The in-principle approval was granted on January 7, 2025, and pertains to the listing of up to 56.9 million Bonus Shares.
• The approval is subject to compliance with SGX-ST’s listing requirements and submission of a written confirmation that the Proposed Bonus Issue adheres to the relevant Companies Act (or equivalent).
• The company emphasized that the approval should not be interpreted as an endorsement of the merits of the Bonus Shares, the company, or its subsidiaries.

What Shareholders Need to Know

Shareholders should note the following important details:

• The company will announce the Record Date in due course, which will determine shareholders’ eligibility to receive the Bonus Shares.
• The issuance of additional Bonus Shares could potentially dilute existing shareholdings but may increase liquidity in the market.
• This development could impact share prices, as bonus issues often signal confidence in the company’s performance but may also lead to short-term volatility.

The announcement was reviewed by the company’s sponsor, ZICO Capital Pte. Ltd., who noted that the SGX-ST has not examined or approved the contents of the announcement. The sponsor also clarified that the SGX-ST assumes no responsibility for the accuracy of the report.

Potential Impact on Share Prices

The announcement of a bonus issue often has implications for share prices. While a bonus issue is typically perceived as a positive sign of company growth and shareholder value creation, it can also lead to temporary fluctuations in the stock market. Investors are advised to monitor the company’s subsequent announcements, particularly the Record Date, to make informed decisions.

Next Steps

The Board of Directors, led by Chairman and Managing Director Datuk William Ng, has reiterated the company’s commitment to transparency and compliance with all regulatory requirements. Further updates will be provided as the company progresses with the Proposed Bonus Issue.

Shareholders and potential investors are encouraged to stay tuned for additional announcements, particularly regarding the Record Date, as this will determine entitlements to the Bonus Shares.

Disclaimer

This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research and consult a licensed financial advisor before making investment decisions. The information provided is based on the company’s announcement as of January 8, 2025, and is subject to change.