MULTIPLE PROPOSALS INSTACOM GROUP BERHAD ("INSTACOM" OR THE "COMPANY") I. RIGHTS ISSUE WITH WARRANTS; II. INCREASE IN AUTHORISED SHARE CAPITAL; AND III. AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")
| INSTACOM GROUP BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | INSTACOM GROUP BERHAD ("INSTACOM" OR THE "COMPANY")
I. RIGHTS ISSUE WITH WARRANTS;
II. INCREASE IN AUTHORISED SHARE CAPITAL; AND
III. AMENDMENTS
(COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES") |
|
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Corporate Exercises.
On behalf of the Board, RHB Investment Bank Berhad is pleased to announce that the Company had resolved to fix the exercise price of the Warrants D at RM0.12 per Warrant D pursuant to the Rights Issue with Warrants.
The exercise price of RM0.12 per Warrant D represents the theoretical ex-rights price of Instacom Shares of RM0.12, calculated based on the five (5)-day weighted average market price of Instacom Shares as traded on Bursa Malaysia Securities Berhad up to and including 28 May 2015 of RM0.12 per Instacom Share.
This announcement is dated 29 May 2015. |
|
Announcement Info
| Company Name | INSTACOM GROUP BERHAD |
| Stock Name | INSTACO |
| Date Announced | 29 May 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-29052015-00115 |