MULTIPLE PROPOSALS INSTACOM GROUP BERHAD ("INSTACOM" OR THE "COMPANY") I. ACQUISITION; II. DIVERSIFICATION; AND III. BONUS ISSUE OF WARRANTS (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")
| INSTACOM GROUP BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | INSTACOM GROUP BERHAD ("INSTACOM" OR THE "COMPANY") I. ACQUISITION; II. DIVERSIFICATION; AND III. BONUS ISSUE OF WARRANTS (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. We refer to our earlier announcements dated 2 October 2014, 30 October 2014 and 18 November 2014. On behalf of the Board of Directors of Instacom, RHB Investment Bank Berhad ("RHBIB") is pleased to announce that the Company had resolved to fix the exercise price of the Warrants C at RM0.13 each. The exercise price per Warrant C represents a discount of approximately 16.88% to the five (5)-day weighted average market price of Instacom Shares as traded on Bursa Malaysia Securities Berhad up to and including 6 January 2015 of RM0.1564 per Instacom Share.
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Announcement Info
| Company Name | INSTACOM GROUP BERHAD (ACE Market) |
| Stock Name | INSTACO |
| Date Announced | 7 Jan 2015 |
| Category | General Announcement |
| Reference No | MI-150107-60202 |