Business
Update re Subscription, Prospectus & TVR
Aseana Properties Limited has confirmed the allotment of Subscription Shares and announced its total voting rights as 289,652,498, comprising 289,652,496 Ordinary Shares and 2 Management Shares. The company will now apply for the admission of 81,827,501 new Ordinary Shares to trading on the London Stock Exchange, expected on or after January 19, 2026, following regulatory changes that remove the need for a prospectus for these shares. Disclaimer*
About this update from Aseana Properties Limited
[{"type":"text","content":"\n\n22 December 2025 \n \nAseana Properties Limited\n(the \"Company\" or \"Aseana\")\n \nUpdate re Subscription, total voting rights and update re prospectus\n \nUpdate re Subscription\n \nFurther 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.\n \nTotal Voting Rights\n \nThe 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.\n \nTherefore, 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.\n \nUpdate re prospectus and expected timetable for Admission of new Ordinary Shares\n \nThe 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.\n \nFrom 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.\n \nThe Company was due to publish a pr...