General Announcement for PLC
01/07/2021NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MANAGEPAY SYSTEMS BERHAD ("MPAY" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 142,093,116 NEW ORDINARY SHARES OF MPAY ("SHARES") REPRESENTING APPROXIMATELY 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF MPAY ("PRIVATE PLACEMENT")
MANAGEPAY SYSTEMS BERHAD |
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
Description | MANAGEPAY SYSTEMS BERHAD ("MPAY" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 142,093,116 NEW ORDINARY SHARES OF MPAY ("SHARES") REPRESENTING APPROXIMATELY 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF MPAY ("PRIVATE PLACEMENT") |
We refer to the previous announcements made in relation to the Private Placement (“Announcements”). For consistency purposes, the abbreviations used in this announcement are the same as those previously defined in the Announcements unless otherwise defined herein. On behalf of the Board, Mercury Securities wishes to announce that the Board had, on 1 July 2021 (“Price Fixing Date”), fixed the issue price at RM0.28 per Placement Share (“Issue Price”) for the 4th tranche placement comprising of 45,000,000 Placement Shares. The Issue represents a premium of 14.75% to the 5-day VWAMP of the Shares up to and including 30 June 2021, being the last trading day immediately prior to the Price Fixing Date, of RM0.244 per Share. This announcement is dated 1 July 2021. |
Announcement Info
Company Name | MANAGEPAY SYSTEMS BERHAD |
Stock Name | MPAY |
Date Announced | 01 Jul 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-01072021-00034 |