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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES KOMARKCORP BERHAD ("KOMARKCORP" OR THE "COMPANY") BONUS ISSUE OF WARRANTS

KOMARKCORP BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description
KOMARKCORP BERHAD ("KOMARKCORP" OR THE "COMPANY")

BONUS ISSUE OF WARRANTS

(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 8 October 2020 in relation to the Bonus Issue of Warrants.)

 

On behalf of the Board, Mercury Securities wishes to announce that the Company has resolved to fix the exercise price of the Warrants C at RM1.00 per Warrant C (“Exercise Price”).

 

The Board had fixed the Exercise Price after taking into consideration, amongst others, the TEAP of the Shares based on the 5-day VWAP of the Shares up to and including 21 December 2020, being the last trading day before the price-fixing date (“LTD”).

 

The Exercise Price represents a discount of 9.78% to the TEAP of the Shares of RM1.1084, calculated based on the 5-day VWAP of the Shares up to and including the LTD of RM1.1626.

 

This announcement is dated 22 December 2020.






Announcement Info

Company Name KOMARKCORP BERHAD
Stock Name KOMARK
Date Announced 22 Dec 2020
Category General Announcement for PLC
Reference Number GA1-22122020-00062




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