General Announcement for PLC
22/03/2021NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING UCREST BERHAD ("UCREST") PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN UCREST, PURSUANT TO THE GENERAL MANDATE OBTAINED FROM THE COMPANYS SHAREHOLDERS ("PRIVATE PLACEMENT")
| UCREST BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | UCREST BERHAD ("UCREST")
PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN UCREST, PURSUANT TO THE GENERAL MANDATE OBTAINED FROM THE COMPANYS SHAREHOLDERS ("PRIVATE PLACEMENT") |
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We refer to the announcements made on 26 February 2021, 1 March 2021, 16 March 2021 and 17 March 2021 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of UCrest, TA Securities wishes to announce that the Board has on 22 March 2021 (“Price-fixing Date”) fixed the issue price for the Placement Shares at RM0.1855 each (“Issue Price”).
The Issue Price of RM0.1855 is at a discount of RM0.0206 or approximately 10.0% to the 5-day volume weighted average market price of UCrest Shares up to and including 19 March 2021, being the last market day immediately preceding the Price-fixing Date, of RM0.2061 per UCrest Share.
The number of Placement Shares will be announced once it is finalised.
This announcement is dated 22 March 2021. |
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Announcement Info
| Company Name | UCREST BERHAD |
| Stock Name | UCREST |
| Date Announced | 22 Mar 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22032021-00134 |