NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING GRAND-FLO BERHAD ("GRAND-FLO" OR THE "COMPANY") - PRIVATE PLACEMENT
GRAND-FLO BERHAD |
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
Description | GRAND-FLO BERHAD ("GRAND-FLO" OR THE "COMPANY") - PRIVATE PLACEMENT |
We refer to the announcements dated 14 October 2019, 25 October 2019, 30 October 2019, 6 December 2019, 17 December 2019, 18 December 2019, 28 May 2020, 4 June 2020 and 5 June 2020 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.
On behalf of the Board, AmInvestment Bank wishes to announce that the Board has on 2 July 2020 fixed the issue price for 1,200,000 Placement Shares at RM0.25 per Placement Share, being the third tranche of the Private Placement.
The issue price of RM0.25 per Placement Share represents a discount of approximately 4.91% to the 5-days VWAP of Grand-Flo Shares up to and including 1 July 2020, being the last traded day of Grand-Flo Shares immediately preceding the price-fixing date, of RM0.2629 per Grand-Flo Share.
For information purposes, the issue price for subsequent tranche(s), if any, will be determined and announced by the Company separately.
This announcement is dated 2 July 2020. |
Announcement Info
Company Name | GRAND-FLO BERHAD |
Stock Name | GRANFLO |
Date Announced | 02 Jul 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-02072020-00043 |