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ACME

0.540

(%)

MULTIPLE PROPOSALS ACME HOLDINGS BERHAD ("ACME" OR "COMPANY") (I) BONUS ISSUE OF WARRANTS; (II) PRIVATE PLACEMENT; (III) MEDAN ACQUISITION; AND (IV) FOCAL ACQUISITION (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")

ACME HOLDINGS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
ACME HOLDINGS BERHAD ("ACME" OR "COMPANY")

(I)	BONUS ISSUE OF WARRANTS;

(II)	PRIVATE PLACEMENT;

(III)	MEDAN ACQUISITION; AND

(IV)	FOCAL ACQUISITION

(COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")

We refer to the announcements made on 7 August 2019, 24 September 2019, 14 October 2019, 22 October 2019, 7 November 2019, 28 November 2019 and 29 November 2019 in relation to the Corporate Exercises (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of ACME, TA Securities wishes to announce that the Board has on 17 December 2019 (“Price-fixing Date”) fixed the issue price for the 1st tranche of the placement of 10,000,000 Placement Shares at RM0.29 per Placement Share (“Issue Price”).

 

As such, the Issue Price represents a discount of approximately RM0.0252 or 7.99% to the 5-day volume weighted average market price of the ACME Shares up to and including 16 December 2019, being the last market day immediately preceding the Price-fixing Date of RM0.3152 per ACME Share.

 

This announcement is dated 17 December 2019.






Announcement Info

Company Name ACME HOLDINGS BERHAD
Stock Name ACME
Date Announced 17 Dec 2019
Category General Announcement for PLC
Reference Number GA1-16122019-00008