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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING GRAND-FLO BERHAD ("GRAND-FLO" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT

GRAND-FLO BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
GRAND-FLO BERHAD ("GRAND-FLO" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT

We refer to the announcements dated 14 October 2019, 25 October 2019 and 30 October 2019 in relation to the Proposed Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.

 

On behalf of the Board, AmInvestment Bank wishes to announce that the Board has on 6 December 2019 fixed the issue price for 16,000,000 Placement Shares at RM0.26 per Placement Share.

 

The issue price of RM0.26 per Placement Share represents a discount of approximately 4.09% to the 5-days VWAP of Grand-Flo Shares up to and including 5 December 2019, being the last traded day of Grand-Flo Shares immediately preceding the price-fixing date, of RM0.2711 per Grand-Flo Share. 

 

For information purposes, the issue price for subsequent tranche(s), if any, will be determined and announced by the Company separately.

 

This announcement is dated 6 December 2019.






Announcement Info

Company Name GRAND-FLO BERHAD
Stock Name GRANFLO
Date Announced 06 Dec 2019
Category General Announcement for PLC
Reference Number GA1-06122019-00058




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