General Announcement for PLC

29/03/2021

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING UCREST BERHAD ("UCREST") PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN UCREST, PURSUANT TO THE GENERAL MANDATE OBTAINED FROM THE COMPANYS SHAREHOLDERS ("PRIVATE PLACEMENT")

UCREST BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description 
UCREST BERHAD ("UCREST")

PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN UCREST, PURSUANT TO THE GENERAL MANDATE OBTAINED FROM THE COMPANYS SHAREHOLDERS ("PRIVATE PLACEMENT")

We refer to the announcement made on 26 February 2021, 1 March 2021, 16 March 2021, 17 March 2021, 22 March 2021 and 23 March 2021 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of UCrest, TA Securities wishes to announce that the Board has on 29 March 2021 (“Price-fixing Date”) fixed the issue price for 2,000,000 Placement Shares at RM0.2190 each (“Issue Price”).

 

The Issue Price of RM0.2190 is at a discount of RM0.0243 or approximately 10.0% to the 5-day volume weighted average market price of UCrest Shares up to and including 26 March 2021, being the last market day immediately preceding the Price-fixing Date, of RM0.2433 per UCrest Share.

 

This announcement is dated 29 March 2021.



Announcement Info

Company Name UCREST BERHAD
Stock Name UCREST
Date Announced 29 Mar 2021
Category General Announcement for PLC
Reference Number GA1-29032021-00067


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