General Announcement for PLC
14/09/2020NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING LAMBO GROUP BERHAD ("LAMBO" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 813,303,899 NEW ORDINARY SHARES IN LAMBO, REPRESENTING UP TO APPROXIMATELY 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF LAMBO, TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER
LAMBO GROUP BERHAD |
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
Description | LAMBO GROUP BERHAD ("LAMBO" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 813,303,899 NEW ORDINARY SHARES IN LAMBO, REPRESENTING UP TO APPROXIMATELY 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF LAMBO, TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER |
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 15 July 2020 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcements dated 15 July 2020, 24 July 2020 and 24 August 2020 in relation to the Private Placement.
On behalf of the Board, Mercury Securities wishes to announce that the Board had on 14 September 2020 (“Price-fixing Date”) fixed the issue price for the placement of 513,303,800 Placement Shares, being the final tranche of the Placement Shares, at RM0.0400 per Placement Share (“Issue Price”).
The Issue Price represents a discount of approximately 9.91% to the 5-day VWAP of the Shares up to and including 11 September 2020 of RM0.0444, being the last market day immediately preceding the Price-fixing Date.
This announcement is dated 14 September 2020. |
Announcement Info
Company Name | LAMBO GROUP BERHAD |
Stock Name | LAMBO |
Date Announced | 14 Sep 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-14092020-00086 |