NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING VIVOCOM INTL HOLDINGS BERHAD (formerly known as INSTACOM GROUP BERHAD) ("VIVOCOM" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF VIVOCOM ("PRIVATE PLACEMENT")
| VIVOCOM INTL HOLDINGS BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | VIVOCOM INTL HOLDINGS BERHAD (formerly known as INSTACOM GROUP BERHAD) ("VIVOCOM" OR THE "COMPANY")
PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF VIVOCOM ("PRIVATE PLACEMENT") |
|
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 Vivocom (formerly known as Instacom Group Berhad) ("Board"), on 30 November 2015, 1 December 2015, 2 December 2015, 10 December 2015, 17 December 2015 and 6 January 2016 in relation to the Private Placement. On behalf of the Board, RHBIB wishes to announce that the Board had on 7 April 2016 resolved to fix the issue price at RM0.264 per Placement Share. The issue price of RM0.264 per Placement Share represents a discount of approximately 9.87% to the five (5)-day weighted average market price ("WAMP") of Vivocom Shares up to and including 6 April 2016, being the last traded day of Vivocom Shares immediately preceding the price-fixing date, of RM0.2929 per Vivocom Share.
This announcement is dated 7 April 2016. |
|
Announcement Info
| Company Name | VIVOCOM INTL HOLDINGS BERHAD |
| Stock Name | VIVOCOM |
| Date Announced | 07 Apr 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-05042016-00041 |