MULTIPLE PROPOSALS BIOALPHA HOLDINGS BERHAD ("BIOALPHA" OR THE "COMPANY") (I) RIGHTS ISSUE OF SHARES; (II) RIGHTS ISSUE OF ICPS; (III) PLACEMENT OF ICPS; (IV) CONSTITUTION AMENDMENTS; AND (V) DEED POLL AMENDMENTS (COLLECTIVELY, THE "CORPORATE EXERCISES")
| BIOALPHA HOLDINGS BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | BIOALPHA HOLDINGS BERHAD ("BIOALPHA" OR THE "COMPANY")
(I) RIGHTS ISSUE OF SHARES;
(II) RIGHTS ISSUE OF ICPS;
(III) PLACEMENT OF ICPS;
(IV) CONSTITUTION AMENDMENTS; AND
(V) DEED POLL AMENDMENTS
(COLLECTIVELY, THE "CORPORATE EXERCISES") |
|
We refer to the announcements made on 19 January 2021, 20 January 2021 and 8 March 2021 in relation to the Corporate Exercises (“Announcements”) as well as the circular to shareholders of Bioalpha dated 15 March 2021 in relation to the Corporate Exercises (“Circular”). Unless otherwise defined, the definitions set out in the Announcements and Circular shall apply herein.
On behalf of the Board, TA Securities wishes to announce that the Board has on 7 April 2021 (“Price-fixing Date”), resolved to fix the following:
(i) issue price for up to 83,335,241 Rights Shares at RM0.20 each, which is at a discount of RM0.0204 or 9.26% to the TEAP of RM0.2204, calculated based on the 5D-VWAP up to and including 6 April 2021 (being the last trading day prior to the Price-fixing Date (“LTD”)) of RM0.2218;
(ii) Conversion Price of RM0.22 for the Rights ICPS, which is at a discount of RM0.0004 or 0.18% to the TEAP of RM0.2204, calculated based on the 5D-VWAP up to and including the LTD of RM0.2218; and
(iii) issue price for up to 208,338,103 Rights ICPS at RM0.02 each.
The Rights ICPS may be converted into new Bioalpha Shares based on the following conversion modes:
(1) Cashless Conversion – by surrendering 11 Rights ICPS for conversion into 1 new Bioalpha Share; or
(2) Cash Conversion – by surrendering 1 Rights ICPS and cash payment of RM0.20 for conversion into 1 new Bioalpha Share.
This announcement is dated 7 April 2021. |
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Announcement Info
| Company Name | BIOALPHA HOLDINGS BERHAD |
| Stock Name | BIOHLDG |
| Date Announced | 07 Apr 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06042021-00104 |