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

-	PRIVATE PLACEMENT

We refer to the announcements dated 14 October 2019, 25 October 2019, 30 October 2019, 6 December 2019, 17 December 2019, 18 December 2019, 28 May 2020, 4 June 2020, 5 June 2020 and 2 July 2020 in relation to the 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 3 July 2020 fixed the issue price for 1,000,000 Placement Shares at RM0.25 per Placement Share, being the fourth tranche of the Private Placement.

 

The issue price of RM0.25 per Placement Share represents a discount of approximately 6.82% to the 5-days VWAP of Grand-Flo Shares up to and including 2 July 2020, being the last traded day of Grand-Flo Shares immediately preceding the price-fixing date, of RM0.2683 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 3 July 2020.

 






Announcement Info

Company Name GRAND-FLO BERHAD
Stock Name GRANFLO
Date Announced 03 Jul 2020
Category General Announcement for PLC
Reference Number GA1-03072020-00099




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