BORNOIL

0.010

+0.005 (+100%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING BORNEO OIL BERHAD ("BORNOIL" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF BORNOIL ("PRIVATE PLACEMENT")

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")

PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF BORNOIL ("PRIVATE PLACEMENT")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Private Placement.

We refer to the earlier announcements dated 26 May 2022, 13 June 2022, 28 June 2022, 5 July 2022, 29 July 2022, 4 August 2022, 5 August 2022, 29 August 2022, 6 September 2022, 12 September 2022, 13 September 2022, 14 September 2022, 15 September 2022, 30 September 2022, 6 October 2022, 13 October 2022, 14 October 2022, 17 October 2022, 18 October 2022, 21 October 2022 and 26 October 2022 in relation to the Private Placement.

On behalf of the Board, UOBKH wishes to announce that the Board had on 11 November 2022 resolved to fix the issue price for the tenth tranche of the Private Placement at RM0.0181 per Placement Share.

The issue price of RM0.0181 per Placement Share represents a discount of approximately 9.50% to the 5-day VWAP of Bornoil Shares up to and including 10 November 2022, being the last traded day of Bornoil Shares immediately preceding the price-fixing date, of RM0.02 per Bornoil Share.

 

This announcement is dated 11 November 2022.






Announcement Info

Company Name BORNEO OIL BERHAD
Stock Name BORNOIL
Date Announced 11 Nov 2022
Category General Announcement for PLC
Reference Number GA1-11112022-00036