SNC

0.565

+0.01 (+1.8%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SAND NISKO CAPITAL BERHAD ("SNC" OR "COMPANY") PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN SNC, PURSUANT TO THE GENERAL MANDATE OBTAINED FROM THE COMPANY'S SHAREHOLDERS ("PRIVATE PLACEMENT")

SAND NISKO CAPITAL BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
SAND NISKO CAPITAL BERHAD ("SNC" OR "COMPANY")

PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN SNC, PURSUANT TO THE GENERAL MANDATE OBTAINED FROM THE COMPANY'S SHAREHOLDERS ("PRIVATE PLACEMENT")

We refer to the announcements dated 12 March 2021, 22 March 2021, 26 March 2021 and 30 March 2021 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of SNC, TA Securities wishes to announce that the Board has on 12 April 2021 (“Price-fixing Date”) fixed the issue price for 17,160,000 Placement Shares at RM0.264 each (“Issue Price”).
The Issue Price of RM0.264 is at a discount of RM0.0283 or approximately 9.68% to the 5-day volume weighted average market price of SNC Shares up to and including 9 April 2021, being the last market day immediately preceding the Price-fixing Date of RM0.2923 per SNC Share.
This announcement is dated 12 April 2021.






Announcement Info

Company Name SAND NISKO CAPITAL BERHAD
Stock Name SNC
Date Announced 12 Apr 2021
Category General Announcement for PLC
Reference Number GA1-12042021-00048