We refer to the announcements made on 6 March 2020, 8 April 2020, 24 April 2020, 27 April 2020, 9 June 2020 and 10 July 2020 (“Announcements”) as well as the circular to the shareholders of Acoustech dated 11 June 2020 (“Circular”) in relation to the Corporate Exercises. Unless otherwise defined, abbreviations and definitions used in this announcement shall be the same as those previously defined in the Announcements and the Circular.
On behalf of Acoustech, TA Securities wishes to announce that the Board has on 23 July 2020 resolved to fix the exercise price for the Warrants to be issued pursuant to the Bonus Issue of Warrants at RM0.29 per Warrant (“Exercise Price”). The Exercise Price represents a discount of approximately 8.43% to the theoretical ex-all price of Acoustech Shares of approximately RM0.3167, based on the 5-day volume weighted average market price of Acoustech Shares up to and including 22 July 2020 of approximately RM0.3300.
In addition, the Board has also executed the deed poll constituting the Warrants on 23 July 2020.
This announcement is dated 23 July 2020.