(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 14 October 2014 in relation to the Placement.)
We refer to the announcements dated 14 October 2014, 14 November 2014, 17 November 2014, 18 February 2015, 4 March 2015 and 5 March 2015 in relation to the Placement.On behalf of Hibiscus Petroleum, Maybank IB wishes to announce that the Company had on 13 March 2015 (“Price-Fixing Date”) fixed the issue price of the Placement Shares for the second (2nd) tranche of the Placement at RM0.8500 per Placement Share (“Issue Price”).
The Issue Price represents a discount of RM0.0024 or approximately 0.28% to the five (5)-day volume weighted average market price of the Shares up to and including 12 March 2015, being the market day immediately prior to the Price-Fixing Date, of RM0.8524.
This announcement is dated 13 March 2015.