TA Corporation Ltd. Announces Allotment and Issuance of 3,456,980 TAR Conversion Shares

TA Corporation Ltd., a Singapore-based company, has made several significant announcements that are likely to impact investor sentiment and potentially influence the company’s share price.

Key Highlights from the Announcement

• The company has allotted and issued a total of 3,456,980 new ordinary shares (“TAR Conversion Shares”) to holders of its TAR Convertible Notes following conversion.
• The conversion took place at a price of S\$0.098 per share, which was determined as 92% of the volume-weighted average price of S\$0.107 per share traded on the Singapore Exchange (SGX-ST) on the resumption date.
• Trading of the company’s securities resumed on 26 February 2026 at 9.00 a.m. Singapore time, marking the completion of a series of corporate actions and the fulfilment of resumption conditions.

Details of TAR Conversion Shares Allotment

The new shares have been distributed among five noteholders as follows:

Impact on Share Capital and Shareholder Value

• Following the conversion, the total number of issued shares (excluding treasury shares and subsidiary holdings) has increased from 518,068,220 to 521,525,200.
• The newly issued TAR Conversion Shares are expected to be listed and quoted on the Mainboard of SGX-ST from 3 March 2026 at 9.00 a.m. Singapore time.
• The TAR Conversion Shares will rank pari passu (on equal footing) with existing ordinary shares, meaning there will be no difference in rights or privileges between the new and existing shares.

Price Sensitive Information and Potential Share Price Impact

• The dilution effect from the issuance of new shares could impact existing shareholders, as their percentage ownership in the company will decrease.
• The conversion price of S\$0.098 per share is below the recent traded price (S\$0.107), which could be interpreted by the market as a discount, potentially exerting downward pressure on the share price.
• The resumption of trading following the fulfilment of all regulatory and corporate conditions signals a return to normalcy, which could restore investor confidence.
• The listing of these shares increases liquidity and may affect trading volumes and volatility around the listing date.

Investor Considerations

• Shareholders should closely monitor the share price and trading volumes following the listing of the new shares on 3 March 2026.
• The dilution effect and discounted conversion price are material developments that could influence the share price in the short term.
• Investors should also review the company’s announcements regarding the terms of the TAR Convertible Notes and any future placements or conversions that may further impact the share capital structure.

Conclusion: The issuance and listing of the TAR Conversion Shares mark a key milestone for TA Corporation Ltd., signaling both an increase in share capital and a successful completion of corporate actions. These developments are material and could influence share price dynamics, making it essential for shareholders and potential investors to stay informed and vigilant.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence and consult with professional advisors before making any investment decisions.

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