General Announcement for PLC

29/03/2022

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PRESS METAL ALUMINIUM HOLDINGS BERHAD ("PMAH" OR "COMPANY") PROPOSED PLACEMENT OF UP TO 163,398,700 NEW ORDINARY SHARES IN PMAH ("PMAH SHARES"), REPRESENTING APPROXIMATELY 2.0% OF THE TOTAL NUMBER OF ISSUED PMAH SHARES ("PROPOSED PLACEMENT")

PRESS METAL ALUMINIUM HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description 
PRESS METAL ALUMINIUM HOLDINGS BERHAD ("PMAH" OR "COMPANY") 

PROPOSED PLACEMENT OF UP TO 163,398,700 NEW ORDINARY SHARES IN PMAH ("PMAH SHARES"), REPRESENTING APPROXIMATELY 2.0% OF THE TOTAL NUMBER OF ISSUED PMAH SHARES ("PROPOSED PLACEMENT")

(Unless otherwise stated, all defined terms used in this Announcement shall have the same meaning as those defined in the Company’s announcement in relation to the Proposed Placement dated 21 March 2022.)

We refer to the Company’s announcements in relation to the Proposed Placement dated 21 March 2022, 22 March 2022 and 23 March 2022.

On behalf of the Board, Maybank IB wishes to announce that following the completion of a bookbuilding exercise, the Board has on 28 March 2022 fixed the issue price for 163,398,700 Placement Shares at RM5.94 per Placement Share. The Proposed Placement was oversubscribed.

The issue price of RM5.94 per Placement Share represents a discount of approximately 3.9% to the 5-day VWAP of PMAH Shares up to and including 25 March 2022, being the market day immediately prior to the price-fixing date, of RM6.1829 per PMAH Share. Accordingly, the Proposed Placement is expected to raise gross proceeds of approximately RM970.6 million.

JPMorgan Securities (Malaysia) Sdn Bhd, J.P. Morgan Securities plc and Maybank IB are the Joint Placement Agents for the Proposed Placement.

 

This Announcement is dated 29 March 2022.



Announcement Info

Company Name PRESS METAL ALUMINIUM HOLDINGS BERHAD
Stock Name PMETAL
Date Announced 29 Mar 2022
Category General Announcement for PLC
Reference Number GA1-29032022-00005


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