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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SEDANIA INNOVATOR BERHAD ("SIB" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 20% OF THE ISSUED SHARES IN SIB

SEDANIA INNOVATOR BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
SEDANIA INNOVATOR BERHAD ("SIB" OR THE "COMPANY")

PRIVATE PLACEMENT OF UP TO 20% OF THE ISSUED SHARES IN SIB

(Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the previous announcements in relation to the Private Placement)

 

On behalf of the Board of Directors of SIB, M&A Securities Sdn Bhd is pleased to announce that the Company has fixed the issue price of the Placement Shares at RM0.286 per Placement Share to be issued pursuant to the Private Placement.

 

The aforementioned issue price of RM0.286 per Placement Share represents a discount of approximately RM0.0314 or 9.89% from the five (5)-day volume weighted average market price of SIB from 11 May 2021 to 19 May 2021 of approximately RM0.3174 per Placement Share.

 

This announcement is dated 20 May 2021.






Announcement Info

Company Name SEDANIA INNOVATOR BERHAD
Stock Name SEDANIA
Date Announced 20 May 2021
Category General Announcement for PLC
Reference Number GA1-20052021-00058




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