General Announcement for PLC
15/03/2022NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PESTECH INTERNATIONAL BERHAD ("PESTECH" OR "COMPANY") PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PESTECH (EXCLUDING TREASURY SHARES) ("PRIVATE PLACEMENT")
| PESTECH INTERNATIONAL BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | PESTECH INTERNATIONAL BERHAD ("PESTECH" OR "COMPANY")
PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PESTECH (EXCLUDING TREASURY SHARES) ("PRIVATE PLACEMENT") |
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We refer to the Company’s announcements dated 26 January 2022, 31 January 2022, 10 February 2022 and 14 February 2022 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply in this announcement.
On behalf of the Board, Affin Hwang IB wishes to announce that the book-building exercise in relation to the first tranche of the Private Placement has been completed today.
Under the first tranche of the Private Placement, the Company will be issuing 36,854,600 new PESTECH Shares, representing 3.87% of PESTECH’s total number of issued shares (excluding treasury shares).
The Board has fixed the issue price for the first tranche of the Private Placement on 15 March 2022 at RM0.55 per Placement Share (“Price-Fixing Date”). The issue price of RM0.55 per Placement Share represents a discount of approximately RM0.0494 or 8.24% to the 5-day volume weighted average market price of PESTECH Shares up to 14 March 2022, being the last market day immediately preceding the Price-Fixing Date, of RM0.5994 per PESTECH Share.
This announcement is dated 15 March 2022. |
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Announcement Info
| Company Name | PESTECH INTERNATIONAL BERHAD |
| Stock Name | PESTECH |
| Date Announced | 15 Mar 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-15032022-00034 |