Audience Analytics Secures SGX Approval for Major Strategic Acquisition with Share Issuance

Key Points for Investors

• Audience Analytics Limited is set to issue up to 5,437,775 new ordinary shares as part of an acquisition deal.
• The new shares will be issued to the Vendors at S\$0.30 per share, representing the share consideration for acquiring a 30% stake in VeecoTech Holdings Sdn. Bhd.
• The total consideration for the acquisition is up to RM5,390,575.90.
• SGX-ST has approved the listing and quotation notice (LQN) for the new shares, subject to compliance with listing requirements.
• This transaction could have significant implications for future corporate actions, including potential very substantial acquisitions or reverse takeovers, as per Catalist Rule 1015.

Detailed Analysis of the Announcement

Audience Analytics Limited, incorporated in Singapore, has announced a major step forward in its ongoing growth strategy by proceeding with the issuance of up to 5,437,775 new ordinary shares. This move is directly linked to its proposed acquisition of a 30% ownership stake in VeecoTech Holdings Sdn. Bhd., a deal valued at up to RM5,390,575.90. The shares will be allotted to the Vendors—Lye Hong Loon and Kok Yuen Li—at an issue price of S\$0.30 per share, with the transaction being executed through the company’s wholly-owned subsidiary, Business Media International Sdn. Bhd.

The company has officially received the listing and quotation notice (LQN) from the Singapore Exchange Securities Trading Limited (SGX-ST), allowing it to proceed with the listing and quotation of these new shares on the Catalist board. Shareholders should note that the LQN signals SGX-ST’s approval only from a regulatory standpoint; it is not an endorsement of the merits of the acquisition or the new shares themselves.

Shareholder Considerations and Price-Sensitive Developments

• Potential Impact on Share Value: The issuance of 5,437,775 new shares at S\$0.30 each represents a notable dilution of existing shareholdings. The market’s reaction will depend on perceived strategic value from the VeecoTech acquisition and future earnings contributions.
• Future Corporate Actions: SGX-ST has specifically highlighted that if Audience Analytics acquires further assets or businesses from the current Vendors or their associates, such transactions could be aggregated and reclassified as a ‘very substantial acquisition’ or even a ‘reverse takeover’ under Catalist Rule 1015. These scenarios typically trigger additional regulatory scrutiny and could have significant impact on share price and company structure.
• Ongoing Announcements: The company will provide updates upon allotment and issuance of the new shares, which could present additional price-sensitive information and should be closely monitored by shareholders.

What Does This Mean for Investors?

This announcement is potentially share price-moving for several reasons:

• The strategic acquisition of a significant stake in VeecoTech Holdings could enhance Audience Analytics’ growth prospects, operational capabilities, and market reach.
• The issuance of new shares affects capital structure and may influence liquidity, valuation, and investor sentiment.
• The possibility of further acquisitions and the regulatory implications flagged by SGX-ST introduce an element of uncertainty, which can drive both risk and opportunity.

Investors should pay close attention to subsequent disclosures regarding the completion of the acquisition, the business integration process, and any future corporate actions involving the Vendors or their associates.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors are encouraged to conduct their own due diligence and consult with professional advisors before making any investment decisions. The Singapore Exchange Securities Trading Limited has not examined or approved the contents of this article.

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