General Announcement for PLC
14/12/2020NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MANAGEPAY SYSTEMS BERHAD ("MPAY" OR THE "COMPANY") PROPOSED 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 ("PROPOSED 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") PROPOSED 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 ("PROPOSED PRIVATE PLACEMENT") |
We refer to the announcements made on 30 July 2020, 10 August 2020, 10 September 2020 and 18 September 2020 in relation to the Proposed Private Placement ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of the Board, Kenanga IB wishes to announce that MPay had on 14 December 2020 resolved to fix the issue price for the Proposed Private Placement at RM0.1500 per Placement Share ("First Tranche"). The First Tranche will comprise of 5,000,000 Placement Shares.
The issue price of RM0.1500 per Placement Share represents a discount of approximately 1.77% to the 5-day VWAP of MPay Shares up to and including 11 December 2020, being the latest traded day of MPay Shares immediately preceding the price-fixing date of RM0.1527 per MPay Share.
This announcement is dated 14 December 2020. |
Announcement Info
Company Name | MANAGEPAY SYSTEMS BERHAD |
Stock Name | MPAY |
Date Announced | 14 Dec 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-14122020-00079 |