BORNOIL

0.005

-0.005 (-50%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING BORNEO OIL BERHAD ("BORNOIL" OR THE "COMPANY") SUBSCRIPTION OF UP TO 1,205,827,550 NEW ORDINARY SHARES IN BORNOIL ("BORNOIL SHARE(S)" OR "SHARE(S)") BY MACQUARIE BANK LIMITED ("SUBSCRIPTION")

BORNEO OIL BERHAD

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

SUBSCRIPTION OF UP TO 1,205,827,550 NEW ORDINARY SHARES IN BORNOIL ("BORNOIL SHARE(S)" OR "SHARE(S)") BY MACQUARIE BANK LIMITED ("SUBSCRIPTION")

We refer to the announcements dated 17 November 2020, 3 December 2020 and 17 December 2020 in relation to the Subscription. 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 Company had on 20 January 2022 received a Subscription Notice from Macquarie Bank for the subscription of 12,827,550 Bornoil Shares at a subscription price of RM0.0250. This subscription price represents a discount of approximately 8.42% to the VWAP of Bornoil Shares during the 5 consecutive Trading Days up to and including 19 January 2022 of RM0.0273.

 

This announcement is dated 20 January 2022.






Announcement Info

Company Name BORNEO OIL BERHAD
Stock Name BORNOIL
Date Announced 20 Jan 2022
Category General Announcement for PLC
Reference Number GA1-20012022-00026