SAUDEE

0.025

-0.005 (-16.7%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SAUDEE GROUP BERHAD ("SAUDEE" OR THE "COMPANY") (I) PROPOSED PRIVATE PLACEMENT; AND (II) PROPOSED SIS (COLLECTIVELY, THE "PROPOSALS")

SAUDEE GROUP BERHAD

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

(I)	PROPOSED PRIVATE PLACEMENT; AND
(II)	PROPOSED SIS

(COLLECTIVELY, THE "PROPOSALS")

On behalf of the Board of Directors of Saudee (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the following:

 

(i)         proposed private placement of up to 347,000,000 new ordinary shares in Saudee, representing up to 35% of the total number of issued ordinary shares of Saudee to independent third-party investors to be identified later and at an issue price to be determined later (“Proposed Private Placement”); and

 

(ii)         proposed establishment of a share issuance scheme of up to 15% of the total number of issued ordinary shares of Saudee (excluding treasury shares, if any) to the eligible directors and eligible employees of Saudee and its subsidiaries (“Proposed SIS”).

 

Further details of the Proposals are set out in the attachment below.

 

This announcement is dated 17 August 2022.




Please refer attachment below.



Announcement Info

Company Name SAUDEE GROUP BERHAD
Stock Name SAUDEE
Date Announced 17 Aug 2022
Category General Announcement for PLC
Reference Number GA1-17082022-00064