OTHERS VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR "COMPANY") PROPOSED SUBSCRIPTION
|VIVOCOM INTL HOLDINGS BERHAD|
VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR "COMPANY") PROPOSED SUBSCRIPTION
On behalf of the Board of Directors of Vivocom (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that Vivocom had on 5 May 2021 entered into a subscription agreement (“Subscription Agreement”) with EA Holdings Berhad (“EAH”) for the proposed subscription of 1,250,000,000 new ordinary shares in EAH (“EAH Share(s)”), representing 24.6% equity interest in EAH (“Subscription Share(s)”) by Vivocom at an issue price of RM0.0231 per Subscription Share (“Issue Price”), to be fully satisfied via the issuance of 50,890,025 new ordinary shares in Vivocom (“Vivocom Share(s)” or ”Share(s)”) (“Consideration Share(s)”) at an issue price of RM0.5674 per Consideration Share (“Proposed Subscription”).
Please refer to the attachment for the full details of the Proposed Subscription.
This announcement is dated 5 May 2021.
Please refer attachment below.
|Company Name||VIVOCOM INTL HOLDINGS BERHAD|
|Date Announced||05 May 2021|
|Category||General Announcement for PLC|