Audience Analytics Limited, incorporated in Singapore, has announced a significant development regarding its proposed bonus issue. The company revealed that it 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.

Key Highlights of the Announcement:

• The in-principle approval was granted on 7 January 2025.
• The bonus shares will be listed on the SGX-ST Catalist Board, subject to compliance with SGX-ST’s listing requirements and submission of a written confirmation affirming compliance with the relevant Companies Act.
• The approval does not imply an endorsement of the merits of the bonus shares, the company, or its subsidiaries by the SGX-ST.

Shareholder Information and Potential Price Impact:

Shareholders should take note that the company will announce the Record Date in due course. This date is critical, as it will determine shareholders’ entitlements to the bonus shares. The issuance of bonus shares could potentially affect the share price due to the dilution effect and increased liquidity in the market.

While the announcement is an indication of positive progress for the company, investors are reminded that the SGX-ST’s approval does not guarantee the merits of the bonus shares or the company’s future performance. Shareholders are encouraged to monitor further updates closely, as these developments could influence the company’s share price.

Next Steps

The company, led by Chairman and Managing Director Datuk William Ng, will proceed with the necessary compliance actions to meet SGX-ST requirements. The detailed timeline for the bonus issue and other relevant updates will be communicated in future announcements.