NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING AXTERIA GROUP BERHAD ("AXTERIA" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 71,676,649 ORDINARY SHARES IN AXTERIA ("AXTERIA SHARES" OR "SHARES"), REPRESENTING 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF AXTERIA (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT, 2016 ("PRIVATE PLACEMENT")
| AXTERIA GROUP BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | AXTERIA GROUP BERHAD ("AXTERIA" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 71,676,649 ORDINARY SHARES IN AXTERIA ("AXTERIA SHARES" OR "SHARES"), REPRESENTING 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF AXTERIA (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT, 2016 ("PRIVATE PLACEMENT") |
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This announcement is dated 6 September 2024.
Reference is made to the Company’s earlier announcements dated 10 August 2023, 11 August 2023 17 August 2024, 7 February 2024 and 11 June 2024 in relation to the Private Placement (“Earlier Announcements”). Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the Earlier Announcements.
On behalf of the Board, Malacca Securities wishes to announce that the Board has fixed the issue price for up to 71,676,600 Axteria Shares to be issued pursuant to the Private Placement at RM0.1234 per Axteria Share. The issue price represents a discount of approximately 9.99% to the 5-day volume weighted average market price of Axteria Shares up to and including 6 September 2024 of RM0.1371. |
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Announcement Info
| Company Name | AXTERIA GROUP BERHAD |
| Stock Name | AXTERIA |
| Date Announced | 06 Sep 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06092024-00042 |