NICE

0.230

+0.01 (+4.5%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING NICHE CAPITAL EMAS HOLDINGS BERHAD ("NICE" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF NICE IN ACCORDANCE WITH THE GENERAL MANDATE PURSUANT TO SECTION 75 AND SECTION 76 OF THE COMPANIES ACT, 2016 ("PROPOSED PRIVATE PLACEMENT")

NICHE CAPITAL EMAS HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
NICHE CAPITAL EMAS HOLDINGS BERHAD ("NICE" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF NICE IN ACCORDANCE WITH THE GENERAL MANDATE PURSUANT TO SECTION 75 AND SECTION 76 OF THE COMPANIES ACT, 2016 ("PROPOSED PRIVATE PLACEMENT")

This announcement is dated 1 September 2020.

 

Reference is made to the Company’s announcements in relation to the Proposed Private Placement dated 26 June 2020, 1 July 2020 and 6 July 2020 ("Earlier Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements.

 

On behalf of the Board of Directors of NICE (“Board”), Amlnvestment Bank Berhad ("Amlnvestment Bank") wishes to announce that the Board has fixed the issue price for the 1st tranche of NICE Shares to be issued pursuant to the Proposed Private Placement at RM0.2600 per NICE Share. The issue price represents a discount of 9.72% to the five (5)-day volume weighted average market price of NICE Shares up to and including 28 August 2020 of RM0.2880 (Source: Bloomberg).






Announcement Info

Company Name NICHE CAPITAL EMAS HOLDINGS BERHAD
Stock Name NICE
Date Announced 01 Sep 2020
Category General Announcement for PLC
Reference Number GA1-07082020-00064