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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING NESTCON BERHAD ('NESTCON" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED SHARES IN NESTCON

NESTCON BERHAD

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

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED SHARES IN NESTCON

Unless otherwise defined, the definitions set out in the announcement dated 13 July 2022 (“Announcement”) shall apply herein.

 

On behalf of the Board, M&A Securities is pleased to announce that the Company has on 14 September 2022 fixed the issue price of the first tranche of Placement Shares at RM0.36 per Placement Share to be issued pursuant to the Private Placement (“Price-Fixing Date”).

 

The aforementioned issue price of RM0.36 per Placement Share represents a discount of approximately RM0.032 or 8.2% from the 5D-VWAMP of Nestcon Shares from 7 September 2022 to 13 September 2022, being the market day immediately preceding to the Price-Fixing Date of approximately RM0.3920 per Nestcon Share.

 

 

This announcement is dated 14 September 2022.






Announcement Info

Company Name NESTCON BERHAD
Stock Name NESTCON
Date Announced 14 Sep 2022
Category General Announcement for PLC
Reference Number GA1-14092022-00069




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