MULTIPLE PROPOSALS IPMUDA BERHAD ("IPMUDA" OR THE "COMPANY") (I) RESTRICTED ISSUE; AND (II) PRIVATE PLACEMENT (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")
| IPMUDA BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | IPMUDA BERHAD ("IPMUDA" OR THE "COMPANY")
(I) RESTRICTED ISSUE; AND
(II) PRIVATE PLACEMENT
(COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES") |
|
Unless otherwise defined, the definitions used in this announcement shall have the same meaning as those defined in the Company’s announcement dated 4 November 2020 in relation to the Corporate Exercises. Reference is made to the announcements dated 4 November 2020, 17 November 2020, 23 November 2020, 24 November 2020, 25 November 2020, 9 December 2020, 16 December 2020, 17 December 2020, 22 December 2020 and 13 January 2021 in relation to the Corporate Exercises. On behalf of the Board, MIDF Investment is pleased to announce that the Board has on 10 March 2021 fixed the issue price for both the Restricted Issue and second tranche of Private Placement at RM0.68 per Restricted Issue Share and Placement Share (“Price-Fixing Date”). The abovementioned issue price of RM0.68 per Restricted Issue Share and Placement Share represents a discount of approximately RM0.0737 or 9.78% to the 5-day volume weighted average market price of Ipmuda Shares up to and including 9 March 2021, being the market day immediately preceding to the Price-Fixing Date of RM0.7537. This announcement is dated 10 March 2021. |
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Announcement Info
| Company Name | IPMUDA BERHAD |
| Stock Name | IPMUDA |
| Date Announced | 10 Mar 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10032021-00022 |