NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HUBLINE BERHAD ("HUBLINE" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 390,003,014 NEW ORDINARY SHARES IN HUBLINE ("HUBLINE SHARE(S)" OR "SHARE(S)"), REPRESENTING UP TO 10.0% OF THE TOTAL NUMBER OF ISSUED SHARES OF HUBLINE PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("ACT") ("PRIVATE PLACEMENT")
| HUBLINE BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | HUBLINE BERHAD ("HUBLINE" OR THE "COMPANY")
PRIVATE PLACEMENT OF UP TO 390,003,014 NEW ORDINARY SHARES IN HUBLINE ("HUBLINE SHARE(S)" OR "SHARE(S)"), REPRESENTING UP TO 10.0% OF THE TOTAL NUMBER OF ISSUED SHARES OF HUBLINE PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("ACT") ("PRIVATE PLACEMENT") |
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We refer to the announcements dated 22 February 2021, 1 March 2021, 11 March 2021, 12 March 2021, 22 March 2021, 7 July 2021 and 15 July 2021 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.
On behalf of the Board, UOBKH wishes to announce that the Board has resolved to fix the issue price for the third and final tranche of the Private Placement at RM0.0355 per Placement Share.
The issue price of RM0.0355 represents a discount of RM0.0036 or approximately 9.21% to the 5-day VWAP of Hubline Shares up to and including 27 August 2021, being the market day immediately preceding the price-fixing date, of RM0.0391 per Hubline Share.
This announcement is dated 30 August 2021. |
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Announcement Info
| Company Name | HUBLINE BERHAD |
| Stock Name | HUBLINE |
| Date Announced | 30 Aug 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-30082021-00111 |