General Announcement for PLC

26/08/2021

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING DESTINI BERHAD ("DESTINI" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF DESTINI (EXCLUDING TREASURY SHARES) ("PRIVATE PLACEMENT")

DESTINI BERHAD

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

PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF DESTINI (EXCLUDING TREASURY SHARES) ("PRIVATE PLACEMENT")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Private Placement.

Reference is made to the announcements dated 25 September 2020, 1 October 2020, 6 October 2020, 9 October 2020, 26 November 2020, 2 December 2020, 3 December 2020, 23 March 2021 and 30 March 2021 in relation to the Private Placement.

On behalf of the Board, UOBKH wishes to announce that the Board had on 26 August 2021 resolved to fix the issue price for the Private Placement at RM0.187 per Placement Share.

The issue price of RM0.187 per Placement Share represents a discount of approximately 9.92% to the 5-day VWAP of Destini Shares up to and including 25 August 2021, being the last traded day of Destini Shares immediately preceding the price-fixing date of RM0.2076 per Destini Share.

 

This announcement is dated 26 August 2021.



Announcement Info

Company Name DESTINI BERHAD
Stock Name DESTINI
Date Announced 26 Aug 2021
Category General Announcement for PLC
Reference Number GA1-26082021-00084


Related Announcements for DESTINI
Date Title
26/08/2022 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING DESTINI BERHAD ("DESTINI" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF DESTINI ("PROPOSED PRIVATE PLACEMENT")
24/08/2022 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING DESTINI BERHAD ("DESTINI" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF DESTINI ("PROPOSED PRIVATE PLACEMENT")
13/06/2022 OTHERS DESTINI BERHAD - PRESS RELEASE DATED 13 JUNE 2022 ENTITLED "DESTINI HANDOVERS SIX MD 350 HELICOPTERS TO ARMY"
23/05/2022 OTHERS DESTINI BERHAD ("DESTINI" OR "COMPANY") AWARD OF CONTRACT LEVEL 4 MAINTENANCE, REPAIR AND OVERHAUL SERVICES OF 35 SIX CAR SET CLASS 92
25/04/2022 OTHERS DESTINI BERHAD ("DESTINI" or "THE COMPANY") - PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES ("PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY")
25/04/2022 OTHERS DESTINI BERHAD ("DESTINI" OR THE "COMPANY") PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF THE COMPANY AND ITS SUBSIDIARIES TO INCLUDE RENEWABLE ENERGY BUSINESS AND RELATED ACTIVITIES ("PROPOSED DIVERSIFICATION")
24/03/2022 OTHERS DESTINI BERHAD (DESTINI OR COMPANY) AWARD OF CONTRACT PROVISION OF TUBULAR HANDLING SERVICES
23/03/2022 OTHERS DESTINI BERHAD ("DESTINI" OR "COMPANY") AWARD OF CONTRACT PROVISION OF TUBULAR HANDLING SERVICES
28/02/2022 OTHERS DESTINI BERHAD - PRESS RELEASE DATED 28 FEBRUARY 2022 ENTITLED "DESTINI RETURNS TO PROFIT IN FY2021"
20/01/2022 OTHERS DESTINI BERHAD ("DESTINI" OR "COMPANY") LETTER OF AWARDS CONTRACTS FOR THE SUPPLY OF SAFETY AND SURVIVAL EQUIPMENT TO THE ROYAL MALAYSIAN AIR FORCE AND MALAYSIAN ARMY AVIATION