MERIDIAN

0.055

-0.025 (-31.2%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MERIDIAN BERHAD ("MERIDIAN" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 173,877,057 ORDINARY SHARES IN MERIDIAN ("MERIDIAN SHARES") REPRESENTING 30% OF THE TOTAL NUMBER OF ISSUED MERIDIAN SHARES (EXCLUDING TREASURY SHARES) ("PRIVATE PLACEMENT")

MERIDIAN BERHAD

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

PRIVATE PLACEMENT OF UP TO 173,877,057 ORDINARY SHARES IN MERIDIAN ("MERIDIAN SHARES") REPRESENTING 30% OF THE TOTAL NUMBER OF ISSUED MERIDIAN SHARES (EXCLUDING TREASURY SHARES) ("PRIVATE PLACEMENT")

This announcement is dated 2 April 2021.

 

Reference is made to the Company’s announcements in relation to the Private Placement dated 27 November 2020, 30 November 2020, 17 December 2020, 18 December 2020, 4 January 2021, 5 January 2021 ("Earlier Announcements”), and the circular to the shareholders of Meridian in relation to the Private Placement dated 21 December 2021 (“Circular”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements and Circular.

 

On behalf of the Board of Directors of Meridian (“Board”), Amlnvestment Bank Berhad ("Amlnvestment Bank") wishes to announce that the Board has fixed the issue price for the placement of up to 173,877,057 Meridian Shares to be issued pursuant to the Private Placement at RM0.2812 per Meridian Share.  The issue price represents a discount of 20.0% to the five (5)-day volume weighted average market price of Meridian Shares up to and including 1 April 2021 of RM0.3515 (Source: Bloomberg).






Announcement Info

Company Name MERIDIAN BERHAD
Stock Name MERIDIAN
Date Announced 02 Apr 2021
Category General Announcement for PLC
Reference Number GA1-02042021-00037