Polyplex and investor AGP HoldCo extend talks on share sale timeline

Polyplex Corporation has signed a letter agreement with investor AGP HoldCo and members of its Promoter Group to revisit timelines under a 2023 call and put option agreement and shareholders' agreement. The parties aim to finalise a formal amendment by 15 January 2027. The letter agreement does not currently change Polyplex's shareholding, board composition or control.

Why this mattersReworked put and call timelines with 24.28% shareholder AGP HoldCo leave Polyplex's future ownership structure open until the amendment, targeted by 15 January 2027, is signed.

• Letter agreement dated 6 November 2026 between Polyplex, AGP HoldCo and the Promoter Group.
• Original call and put option agreement and shareholders' agreement were dated 3 October 2023.
• Target date to finalise a formal amendment agreement is 15 January 2027.
• AGP HoldCo holds 24.28% of Polyplex shares; the Promoter Group holds 26.68% collectively.
• The investor has one nominee on Polyplex's board and on the board of its material Thai subsidiary.
• The interim CPA and SHA remain in full force pending the formal amendment.

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