HANDAL

0.240

+0.01 (+4.3%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HANDAL ENERGY BERHAD ("HANDAL" OR "COMPANY") PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF HANDAL ("PRIVATE PLACEMENT")

HANDAL ENERGY BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
HANDAL ENERGY BERHAD ("HANDAL" OR "COMPANY")

PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF HANDAL ("PRIVATE PLACEMENT")

(Unless otherwise defined, terms used in this announcement shall carry the same meanings as set out in the previous announcements in relation to the Private Placement (“Announcements”))

We refer to the Announcements in relation to the Private Placement.

On behalf of the Board of Directors of Handal (“Board”), Alliance Investment Bank Berhad wishes to announce that the Board had on 16 March 2021 (“Price-Fixing Date”) fixed the issue price for 1,065,000 Placement Shares, being the second (2nd) tranche of the Private Placement at RM0.2350 per Placement Share (“Issue Price”).

The Issue Price represents a discount of RM0.0085 or approximately 3.49% to the 5-day volume weighted average market price of Handal Shares up to and including 15 March 2021, being the last market day immediately preceding the Price-Fixing Date of RM0.2435 per Handal Share.

This announcement is dated 16 March 2021.






Announcement Info

Company Name HANDAL ENERGY BERHAD
Stock Name HANDAL
Date Announced 16 Mar 2021
Category General Announcement for PLC
Reference Number GA1-16032021-00079