BURSA ANNOUCEMENTS

Date : 05 May 2021

OTHERS VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR "COMPANY") PROPOSED SUBSCRIPTION

VIVOCOM INTL HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
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.



Announcement Info

Company Name VIVOCOM INTL HOLDINGS BERHAD
Stock Name VIVOCOM
Date Announced 05 May 2021
Category General Announcement for PLC
Reference Number GA1-05052021-00017


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