General Announcement for PLC

26/01/2021

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING LAMBO GROUP BERHAD ("LAMBO" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 775,063,300 NEW ORDINARY SHARES IN LAMBO, REPRESENTING UP TO APPROXIMATELY 20% OF THE EXISTING 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 775,063,300 NEW ORDINARY SHARES IN LAMBO, REPRESENTING UP TO APPROXIMATELY 20% OF THE EXISTING 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 24 December 2020 in relation to the Proposed Private Placement (“First Announcement”), where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the announcements dated 24 December 2020, 12 January 2021, 13 January 2021 and 18 January 2021 in relation to the Proposed Private Placement.

 

On behalf of the Board, Mercury Securities wishes to announce that the Board had on 26 January 2021 (“Price-fixing Date”) fixed the issue price for the third and final tranche of the Placement Shares, at RM0.0270 per Placement Share (“Issue Price”).

 

The Issue Price represents a discount of 10.0% to the 5-day VWAP of the Shares up to and including 25 January 2021 of RM0.0300, being the last market day immediately preceding the Price-fixing Date.

 

This announcement is dated 26 January 2021.






Announcement Info

Company Name LAMBO GROUP BERHAD
Stock Name LAMBO
Date Announced 26 Jan 2021
Category General Announcement for PLC
Reference Number GA1-26012021-00058


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