MNC

0.135

(%)

MULTIPLE PROPOSALS M N C WIRELESS BERHAD ("MNC" OR THE "COMPANY") (I) SHARE CONSOLIDATION; AND (II) BONUS ISSUE OF WARRANTS (COLLECTIVELY, THE "PROPOSALS")

M N C WIRELESS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
M N C WIRELESS BERHAD ("MNC" OR THE "COMPANY")

(I)	SHARE CONSOLIDATION; AND
(II)	BONUS ISSUE OF WARRANTS

(COLLECTIVELY, THE "PROPOSALS")

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 29 August 2022 in relation to the Proposals, where applicable, unless stated otherwise or defined herein.)

Reference is made to the earlier announcements dated 29 August 2022 and 19 September 2022.

On behalf of the Board, TA Securities wishes to announce that the Company has resolved to fix the exercise price of the Warrants C at RM0.09 per Warrant C.

The exercise price of the Warrants C represents a discount of approximately 8.16% to the theoretical adjusted 5-day VWAP of MNC Shares of RM0.098, calculated based on the 5-day VWAP of MNC Shares up to and including 20 October 2022 (being the last trading day before the date of this announcement) of RM0.0098 and after adjusting for the effects of the Share Consolidation.

This announcement is dated 21 October 2022.






Announcement Info

Company Name M N C WIRELESS BERHAD
Stock Name MNC
Date Announced 21 Oct 2022
Category General Announcement for PLC
Reference Number GA1-21102022-00043