Bursa Announcements

Date : 11 December 2017

MULTIPLE PROPOSALS ECONPILE HOLDINGS BERHAD ("ECONPILE" OR "COMPANY") (I) SHARE SPLIT; (II) BONUS ISSUE OF SHARES; AND (III) BONUS ISSUE OF WARRANTS. (COLLECTIVELY REFERRED TO AS "PROPOSALS")

ECONPILE HOLDINGS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
ECONPILE HOLDINGS BERHAD ("ECONPILE" OR "COMPANY")

(I)	SHARE SPLIT; 

(II)	BONUS ISSUE OF SHARES; AND

(III)	BONUS ISSUE OF WARRANTS.

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

(Unless otherwise defined, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the earlier announcements).

 

We refer to the announcements dated 6 September 2017, 4 October 2017, 26 October 2017 and 22 November 2017 in relation to the Proposals.

 

On behalf of the Board, Kenanga IB wishes to announce that the Board has on 11 December 2017 fixed the exercise price for the Warrants at RM1.25 per Warrant representing a discount of approximately 0.12% to the theoretical ex-all price of Econpile Shares (after adjusting for the Proposed Share Split and Proposed Bonus Issue of Shares) of RM1.2514 per Econpile Share, calculated based on the 5-day VWAMP of Econpile Shares of RM3.1286 per Econpile Share up to and including 8 December 2017 (being the market day immediately preceding the price-fixing date).

 

 

This announcement is dated 11 December 2017.



Announcement Info

Company Name ECONPILE HOLDINGS BERHAD
Stock Name ECONBHD
Date Announced 11 Dec 2017
Category General Announcement for PLC
Reference Number GA1-11122017-00037


Back