General Announcement for PLC

12/03/2021

NEW 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 ("MPAY SHARE(S)" OR "SHARE(S)") 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 ("MPAY SHARE(S)" OR "SHARE(S)") REPRESENTING APPROXIMATELY 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF MPAY ("PRIVATE PLACEMENT")

We refer to the announcement made on 30 July 2020, 10 August 2020, 10 September 2020, 18 September 2020, 14 December 2020, 3 March 2021 and 11 March 2021 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definition set out in the Announcements shall apply herein.

 

On behalf of the Board, Kenanga IB wishes to announce that MPay had on 12 March 2021 resolved to fix the issue price for the Private Placement at RM0.2050 per Placement Share (“Second Tranche”). The Second Tranche will comprise of 5,000,000 Placement Shares.

 

The issue price of RM0.2050 per Placement Share represents a discount of approximately 7.32% to the 5-day VWAP of MPay Shares up to and including 11 March 2021, being the latest traded day of MPay Shares immediately preceding the price-fixing date of RM0.2212 per MPay Share.

 

This announcement is dated 12 March 2021.



Announcement Info

Company Name MANAGEPAY SYSTEMS BERHAD
Stock Name MPAY
Date Announced 12 Mar 2021
Category General Announcement for PLC
Reference Number GA1-12032021-00062


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