NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : COMBINATION OF NEW ISSUE OF SECURITIES MMAG HOLDINGS BERHAD ("MMAG" OR "COMPANY") (I) DEBT SETTLEMENT TO CREDITORS; (II) DEBT SETTLEMENT TO DIRECTOR; AND (III) PROPOSED 40% PRIVATE PLACEMENT (COLLECTIVELY REFERRED TO AS "CORPORATE EXERCISES")
| MMAG HOLDINGS BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) COMBINATION OF NEW ISSUE OF SECURITIES |
| Description | MMAG HOLDINGS BERHAD ("MMAG" OR "COMPANY")
(I) DEBT SETTLEMENT TO CREDITORS;
(II) DEBT SETTLEMENT TO DIRECTOR; AND
(III) PROPOSED 40% PRIVATE PLACEMENT
(COLLECTIVELY REFERRED TO AS "CORPORATE EXERCISES") |
|
We refer to the announcements dated 10 March 2022, 18 March 2022, 10 May 2022, 30 May 2022, 15 June 2022, 22 June 2022 and 23 June 2022 in relation to Corporate Exercises (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of the Board, TA Securities wishes to announce that the Board has on 17 October 2022 (“Price-fixing Date”) fixed the issue price at RM0.0200 per Placement Share (“Issue Price”). The Issue Price represents a discount of RM0.0049 or approximately 19.68% to the 5D-VWAP of MMAG Share up to and including 14 October 2022, being the last market day immediately preceding the Price-fixing Date, of RM0.0249 per MMAG Share.
The number of Placement Shares will be announced once it is finalised.
This announcement is dated 17 October 2022. |
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Announcement Info
| Company Name | MMAG HOLDINGS BERHAD |
| Stock Name | MMAG |
| Date Announced | 17 Oct 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-17102022-00039 |