We refer to the announcements made on 29 May 2013, 28 June 2013, 9 July 2013, 18 July 2013, 4 September 2013, 28 November 2013, 20 December 2013, 5 February 2014, 6 February 2014, 21 February 2014 and 28 February 2014 in relation to the Proposals (Announcements). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of the Board, TA Securities wishes to announce that the Board has on 4 March 2014 fixed the issue price for the placement of new Wintoni Shares to be issued under the Proposed Private Placement of Shares with Warrants (Placement Shares) at RM0.14 per Placement Share.
The five (5)-day volume weighted average market price (5D-VWAP) of the Wintoni Shares up to and including 3 March 2014 is RM0.1023 and the volume weighted average market price of the Warrants since its listing on 28 February 2014 up to 3 March 2014 is RM0.0531 each. As such, the issue price of RM0.14 per Placement Share represents a premium of approximately RM0.0377 or 36.85% to the 5D-VWAP of the Wintoni Shares but at a discount of approximately RM0.0154 or 9.91% from the total value of one (1) Placement Share and one (1) Placement Warrant.
The payment from the placee(s) is expected to be received within five (5) market days from the date of this announcement.
This announcement is dated 4 March 2014.