NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING INDUSTRONICS BERHAD ("INDUSTRONICS" OR THE "COMPANY") RENOUNCEABLE RIGHTS ISSUE OF UP TO 875,060,548 NEW ORDINARY SHARES IN INDUSTRONICS ("INDUSTRONICS SHARES") ("RIGHTS SHARES") ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING INDUSTRONICS SHARE HELD TOGETHER WITH UP TO 656,295,411 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 3 WARRANTS FOR EVERY 4 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")
| INDUSTRONICS BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | INDUSTRONICS BERHAD ("INDUSTRONICS" OR THE "COMPANY")
RENOUNCEABLE RIGHTS ISSUE OF UP TO 875,060,548 NEW ORDINARY SHARES IN INDUSTRONICS ("INDUSTRONICS SHARES") ("RIGHTS SHARES") ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING INDUSTRONICS SHARE HELD TOGETHER WITH UP TO 656,295,411 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 3 WARRANTS FOR EVERY 4 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE") |
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We refer to the announcements made on 8 July 2022, 23 August 2022, 21 October 2022 and 3 November 2022 in relation to the Rights Issue (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements and Circular shall apply herein.
On behalf of the Board, TA Securities wishes to announce that the Board has on 9 December 2022 (“Price-fixing Date”), resolved to fix the following:
(i) issue price for the Rights Shares at RM0.08 each, which is at a discount of RM0.0090 or approximately 10.11% to the TEAP of RM0.0890, calculated based on the 5D-VWAP up to and including 8 December 2022 (being the last trading day prior to the Price-fixing Date (“LTD”)) of RM0.1070; and
(ii) exercise price for the Warrants at RM0.10 each, which is at a premium of RM0.0110 or approximately 12.36% to the TEAP of RM0.0890, calculated based on the 5D-VWAP up to and including the LTD of RM0.1070.
This announcement is dated 9 December 2022. |
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Announcement Info
| Company Name | INDUSTRONICS BERHAD |
| Stock Name | ITRONIC |
| Date Announced | 09 Dec 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-07122022-00012 |