NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING INSTACOM GROUP BERHAD ("INSTACOM" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF INSTACOM ("PRIVATE PLACEMENT")
| INSTACOM GROUP BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | INSTACOM GROUP BERHAD ("INSTACOM" OR THE "COMPANY")
PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF INSTACOM ("PRIVATE PLACEMENT") |
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The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Private Placement. We refer to the announcements made by RHB Investment Bank Berhad ("RHBIB"), on behalf of the Board of Directors of Instacom ("Board"), on 30 November 2015, 1 December 2015, 2 December 2015 and 10 December 2015 in relation to the Private Placement. On behalf of the Board, RHBIB wishes to announce that the Board had on 17 December 2015 resolved to fix the issue price at RM0.25 per Placement Share. The issue price of RM0.25 per Placement Share represents a discount of approximately 9.71% to the five (5)-day weighted average market price ("WAMP") of Instacom Shares up to and including 16 December 2015, being the last traded day of Instacom Shares immediately preceding the price-fixing date, of RM0.2769 per Instacom Share.
This announcement is dated 17 December 2015. |
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Announcement Info
| Company Name | INSTACOM GROUP BERHAD |
| Stock Name | INSTACO |
| Date Announced | 17 Dec 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-16122015-00031 |